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South Africa's Netcare flags lower EBITDA margin, shares tumble

Thu 27th September, 2018 2:23pm
JOHANNESBURG, Sept 27 (Reuters) - Netcare  NTCJ.J , South
Africa's second-largest private hospital operator, said on
Thursday that it expected its full-year EBITDA margins to
decline by between 30 and 50 basis points from the previous
year, sending its shares to a seven-month low.
    The prior year's earnings before interest, tax, depreciation
and amortisation (EBITDA) margin was 21.1 percent, it said in a
statement, citing difficult trading conditions in the second
half of the year.
    Netcare's shares tumbled as much as 13 percent, a level last
seen in mid-February.

 (Reporting by Nqobile Dludla
Editing by Alexander Winning)
 ((nqobile.dludla@thomsonreuters.com; +27117753126; Reuters
Messaging: nqobile.dludla.thomsonreuters.com@reuters.net))
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