Less Ads, More Data, More Tools Register for FREE

Pin to quick picksMDC.L Share News (MDC)

  • There is currently no data for MDC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

IN BRIEF: Mediclinic retains guidance as patient activity normalises

Thu, 28th Jul 2022 12:16

Mediclinic International PLC - Stellenbosch-based private healthcare provider - For the first quarter ended June 30, Mediclinic observes low Covid-19 related hospital admissions while the patient mix starts to return to pre-pandemic levels.

In South Africa, low Covid-19 hospital admissions and normalisation in bed day sales hurt overall revenue per paid patient day. In the Middle East, Mediclinic reports lower patient activity in April year-on-year due to Ramadan, but rising momentum in the following months until reaching record outpatient volumes in June.

In Switzerland, inpatient volumes for the quarter are reduced by holidays and ongoing disruption caused by Covid-19, it says.

Looking ahead, Mediclinic keeps annual guidance unchanged, with increased client activity driving further revenue growth and improved margin expansion.

"Seasonal trends in patient activity levels, most notably in Switzerland and the Middle East, are expected to return, in the absence of any material new waves of Covid-19. Improving profitability and strong cash generation are expected to support continued deleveraging," it says.

Current London stock price: 486.00 pence, down 0.4% on Thursday

12-month change: up 73%

Current Johannesburg stock price: ZAR98.64, up 0.6%

12-month change: up 71%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
30 May 2018 13:23

Spire Healthcare Appoints Ronnie Van Der Merwe As Director

LONDON (Alliance News) - Spire Healthcare Group PLC said Wednesday it appointed Ronnie van der Merwe as non-executive director last Thursday.van Der Merwe replaced Spire's subsidiary be

Read more
25 May 2018 16:58

LONDON MARKET CLOSE: Stocks Higher Despite Slowdown In UK GDP Growth

LONDON (Alliance News) - Stocks in London closed marginally higher Friday as investors offered a muted response to preliminary UK gross domestic product figures as they eye potential upwards revision

Read more
25 May 2018 12:16

LONDON MARKET MIDDAY: Stocks Higher Amid GDP Figures, Weaker Pound

LONDON (Alliance News) - Stocks in London were broadly higher midday Friday as sterling weakened amid growing Brexit uncertainty and investors responded positively to preliminary UK gross domestic up

Read more
24 May 2018 17:36

LONDON MARKET CLOSE: FTSE 100 Closes Lower After Data Boosts Pound

LONDON (Alliance News) - Stocks in London closed lower Thursday after the pound rose following the announcement that UK retail sales rebounded in April with a 1.6% rise.The FTSE 100 index - with a of

Read more
24 May 2018 12:02

LONDON MARKET MIDDAY: Pound Rises As UK Retail Sales Offer Relief

LONDON (Alliance News) - Stocks in London at midday Thursday were mixed as the pound rose following the announcement that UK retail sales rebounded in April with a 1.6% rise."The FTSE 100 is in

Read more
24 May 2018 11:05

WINNERS & LOSERS SUMMARY: Electrocomponents Charged Up As Profit Rises

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Intertek up

Read more
24 May 2018 08:53

LONDON MARKET OPEN: Intertek Gains As Mediclinic Falls With Sharp Loss

LONDON (Alliance News) - Stocks in London on Tuesday remained broadly higher, with the FTSE 100 just about remaining in the green despite weak results reported by several blue-chip companies.The FTSE

Read more
24 May 2018 07:38

LONDON MARKET PRE-OPEN: Mediclinic Swings To Loss; TalkTalk Sells Unit

LONDON (Alliance News) - Stock prices in London are set to open slightly lower on Thursday, ahead of UK retail sales data at 0930 BST, as several large UK companies reported lower results.In early UK

Read more
17 May 2018 16:00

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 18 May AstraZenecaQ1 ResultsHikma PharmaceuticalsTrading ClarkeTrading 21

Read more
18 Apr 2018 10:37

WINNERS & LOSERS SUMMARY: Intu Slides As Hammerson Calls Off Takeover

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Mediclinic

Read more
29 Mar 2018 10:28

WINNERS & LOSERS SUMMARY: C4X Shares Double On Indivior Licensing Deal

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Wm Morrison

Read more
29 Mar 2018 09:29

New Mediclinic CEO To Take Up New Position June As Non-Execs Step Down

LONDON (Alliance News) - Mediclinic International PLC said Thursday its chief executive designate, Ronnie van der Merwe, will begin his new role as CEO in June, whilst it also

Read more
16 Feb 2017 17:05

LONDON MARKET CLOSE: Sterling Rebound, Ex-Divs Send UK Stocks Lower

Read more
16 Dec 2016 09:29

BROKER RATINGS SUMMARY: Shore Upgrades Downtrodden IG And CMC Markets

Read more
29 Nov 2016 17:23

Directors dealings: Mediclinic executive picks up shares near three-year low

(ShareCast News) - Alan Grieve, one of Mediclinic´s non-executive independent directors, picked up three batches of shares in quick sucession. In total, Grieve spent 55,073 on 28 November on 7,500 shares in the hospital operator, the company said in a statement. The next day, analyst James Vane-Tem

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.