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United Kingdom

Mediclinic International PLC (MDCM.L)

MDCM.L on London Stock Exchange

542.40GBp
22 Jun 2018
Change (% chg)

2.40 (+0.44%)
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540.00
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Thu, May 24 2018

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South Africa's Mediclinic takes hefty Swiss writedown, shares slide

JOHANNESBURG Mediclinic took a hefty $863 million (646.28 million pounds) writedown on its Swiss business on Thursday, tipping South Africa's biggest private hospital group into an annual loss and sending its shares tumbling.

UPDATE 2-South Africa's Mediclinic takes hefty Swiss writedown, shares slide

* Shares tumble more than 8 percent (Adds CEO comment, shares)

CORRECTED-South Africa's Mediclinic full-year core earnings up 3 percent

JOHANNESBURG, May 24 South African private hospital group Mediclinic reported a 3 percent rise in annual core profit on Thursday, boosted by a recovery in its Middle Eastern operations.

BRIEF-Mediclinic International Sees FY Adjusted Financial Results Marginally Ahead Of Expectations

* SAYS GROUP EXPECTS TO DELIVER ADJUSTED FINANCIAL RESULTS FOR YEAR MARGINALLY AHEAD OF EXPECTATIONS

BRIEF-Mediclinic Says Carel Aron van der Merwe To Start As CEO On June 1

* MEDICLINIC INTERNATIONAL PLC - RONNIE VAN DER MERWE (CHIEF CLINICAL OFFICER AND CHIEF EXECUTIVE OFFICER) WILL SUCCEED DANIE MEINTJES AS CEO OF COMPANY

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