Life Healthcare ups dividend despite drop in profit and earnings

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Paid patient days (PPDs), a measure of its performance, increased 5.8% year on year

SA hospital group Life Healthcare upped its dividend for its 2022 year despite a drop in its profits and headline earnings as it continued with its diversification drive.

The health group — which owns local hospitals, medical diagnostic practices, and Alliance Medical Group in the UK and Western Europe — declared a final dividend of 25c per share, bringing the total to 40c for the year end-September, a 60% increase from its 2021 year...

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