NETCARE: 2,646 -4 (-0.15%)
South Africa's Netcare flags lower EBITDA margin, shares tumble
JOHANNESBURG, Sept 27 (Reuters) - Netcare, South
Africa's second-largest private hospital operator, said on
Thursday that it expected its full-year EBITDA margins to
decline by between 30 and 50 basis points from the previous
year, sending its shares to a seven-month low.
The prior year's earnings before interest, tax, depreciation
and amortisation (EBITDA) margin was 21.1 percent, it said in a
statement, citing difficult trading conditions in the second
half of the year.
Netcare's shares tumbled as much as 13 percent, a level last
seen in mid-February.
(Reporting by Nqobile Dludla
Editing by Alexander Winning)
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