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Markets News

Hospital operator Mediclinic's half year profit drops 86%

JOHANNESBURG, Nov 12 (Reuters) - Hospital chain operator Mediclinic International Plc reported an 86% drop in profits for the half year ended Sept. 30, the company said on Thursday.

The owner of a chain of private hospitals across southern Africa, the Middle East and Switzerland, saw its earnings for the half year drop to 15 million pounds ($19.8 million) from 109 million pounds in the corresponding period last year.

“The Group remains cautious on second-half performance in the midst of uncertainty as to the full impact of the continuing pandemic and its economic aftermath,” the UK-listed company said in a statement.

$1 = 0.7579 pounds Reporting by Promit Mukherjee; Editing by Edmund Blair

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