BRIEF-Life Healthcare Q1 Revenue Up About 5% On Like-For-Like Basis

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BRIEF-Life Healthcare Q1 Revenue Up About 5% On Like-For-Like Basis
Credit: © Reuters.

Jan 27 (Reuters) - Life Healthcare Group Holdings Ltd LHCJ.J :

* VOLUNTARY TRADING UPDATE FOR THE PERIOD 1 OCTOBER 2020 TO 31 DECEMBER 2020

* GROUP'S TRADING FOR Q1 FY2021 PERIOD EXCEEDED EXPECTATIONS, GROWING REVENUE BY APPROXIMATELY 5% ON A LIKE-FOR-LIKE BASIS

* QTRLY GROUP NORMALISED EBITDA CONTINUES TO BE IMPACTED BY HIGHER OPERATIONAL COSTS ASSOCIATED WITH COVID-19

* QTRLY NORMALISED EBITDA DECREASING BY APPROXIMATELY 15% AGAINST Q1 FY2020

* GROUP NORMALISED EBITDA FOR Q1 FY2021 WAS APPROXIMATELY 32% BETTER THAN Q4 FY2020

* MUSTAQ BREY STEPS DOWN AS CHAIRMAN AND BOARD MEMBER ON 27 JANUARY 2021

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