NOT LIKELY TO CHANGE QUICKLY

Finweek English Edition - - SIMON SAYS -

On the other side of the coin were the re­sults from Life Health­care that saw rev­enue and div­i­dend higher, but HEPS weaker. The HEPS was hit by f inance costs as debt has in­creased by more than R1.5bn over the last year. This is due to ac­qui­si­tions in both In­dia and Poland, and nei­ther is yet pump­ing prof­its back to Life Health­care. This will of course change i n t i me as t he prof its start to f low and debt gets paid off. With hos­pi­tals, one of the first num­bers I look for is the oc­cu­pancy lev­els ( ba­si­cally hos­pi­tals are fancy ho­tels and oc­cu­pancy is crit­i­cal). Here, the group in­creased by a frac­tion to 70.7%, although it did add more beds. Now, I would

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