(Alliance News) - Mediclinic PLC on Wednesday said its Southern Africa revenue was lower in June as the region has not yet passed its Covid-19 peak, though operating performance has improved overall.
Shares in Mediclinic were up 8.0% at ZAR57.79 in Johannesburg and also up 8.0% in London at 274.20 pence.
The firm's Southern Africa business revenue was 12% lower in June compared to the previous year as the area "is yet to reach the initial peak" when it comes to Covid-19 cases.
Nonetheless, the private healthcare services company's overall June operational performance improved in June as lockdown measures eased, with elective surgical procedures and outpatient activities starting to gradually resume.
Hirslanden and Mediclinic Middle East, representing over two thirds of Mediclinic revenue, were ahead of the previous year.
"The severity, duration and full impact of the Covid-19 pandemic and its economic aftermath on all businesses, including Mediclinic, continues to be uncertain. There remains a risk to elective procedures and outpatient activity from a continuation or reintroduction of lockdown and other measures in response to the pandemic; the availability of staff; and a disruption in the supply chain," said Mediclinic.
By Anna Farley; annafarley@alliancenews.com
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