Life Healthcare: Earnings set to rise

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Life Healthcare’s earnings a share for the six months to March would be between R1.66 and R1.80, compared with restated earnings a share of 72.6c over the same period a year earlier, the company said yesterday. The increase was largely due to the disinvestment of the hospital operator’s 49.3 percent stake in Joint Medical Holdings. Normalised earnings a share from continuing operations, which best reflect the group’s performance, would rise by between 13 percent and 18 percent compared with 71.3c over the same period last year, the firm said. The stock slid 1.62 percent to close at R40.07 yesterday. – Asha Speckman

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