SCHWpD

The Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.9

25.1000
USD
0.60%
25.1000
USD
0.60%
24.2200 25.9300
52 weeks
52 weeks

Mkt Cap 753.00M

Shares Out 30.00M

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S.African hospital operator Mediclinic doubles profit, reinstates dividend

JOHANNESBURG, May 25 (Reuters) - South African hospital chain operator Mediclinic International MDCM.L is reinstating dividends after almost doubling full-year profit, it said on Wednesday. The London-listed company's headline earnings per share for the year to March 31 rose to 19 pence from 9.6 pence a year earlier, driven mainly by increasing patient numbers as coronavirus restrictions eased. The company announced a dividend of 3 pence per share. Healthcare providers were hit hard in 2020 and partly in 2021 as the COVID-19 pandemic forced people to postpone non-essential hospital procedures. But as vaccination rates increased and successive waves of COVID-19 proved to be less deadly, people resumed hospital visits, helping to boost revenue and profit at private hospitals. Mediclinic, which owns a chain of private hospitals in southern Africa, the Middle East and Switzerland, posted annual revenue up 8% at 3.2 billion pounds ($4.01 billion), exceeding pre-pandemic levels, the company said. However, profit has yet to reach its pre-pandemic level of 26.9 pence per share. ($1 = 0.7983 pounds) (Reporting by Promit Mukherjee Editing by David Goodman) ((promit.mukherjee@thomsonreuters.com; +27 64833 4448;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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