South Africa's Life Healthcare scraps dividend, sees earnings hit from COVID-19

  • Reuters
South Africa's Life Healthcare scraps dividend, sees earnings hit from COVID-19

May 11 (Reuters) - South Africa's Life Healthcare Group LHCJ.J on Monday scrapped its interim dividend to preserve cash and warned of tough trading conditions due to the impact of the coronavirus pandemic on its business operations.

The hospital operator expects more than 20% drop in earnings per share for 12 months ending Sept. 30, the company said in a statement.

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