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Hedging losses hurt Life Healthcare's interim net pfofit

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Hedging losses have dealt a blow to Life Healthcare's interim profit with headline earnings per share falling back close to 50%. This was partly due to a R370m fair-value loss on derivative financial instruments including mark-to-market loss on foreign-exchange option contracts which were taken out to protect the proceeds of Life Healtchare's sale of Max Healthcare.

Life Healthcare CEO Shrey Viranna spoke to Business Day TV about the group's interim financial performance.
30 May 2019 2AM English South Africa Business · Business News

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