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South Africa's Netcare flags decline in H1 core profit

South Africa's private hospital group Netcare Ltd said on Thursday half-year core profit will be 36% lower as a second wave of coronavirus infections forced it to suspend elective surgery in favour of necessary and time-sensitive procedures.

JOHANNESBURG, April 22 (Reuters) - South Africa's private hospital group Netcare Ltd NTCJ.J said on Thursday half-year core profit will be 36% lower as a second wave of coronavirus infections forced it to suspend elective surgery in favour of necessary and time-sensitive procedures.

Revenue in the six months to March 31 is expected to be 5.5% lower, it added.

(Reporting by Nqobile Dludla; Editing by Clarence Fernandez)

((nqobile.dludla@thomsonreuters.com; +27103461066;))

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