4 Aug 2009

Half-year profit warning issued by Wakefield Health

7:26 pm on 4 August 2009

A drop in patient numbers has seen Wakefield Health issue a half-year profit warning.

The company says tax earnings for the six months ended 30 September 2009 could be 30% to 40% lower than the first half of the previous financial year.

The company says the warning is an update of cautionary statements made in full-year results issued last March.

At the time, the company warned patient numbers could decline.

Chief executive Andrew Blair says that as well as a slump in DHB contracts, has slowed the number of operations.

Mr Blair says Wakefield Health retains a strong balance sheet and the company is still open to acquiring new assets.

Wakefield Health has three private hospitals housing 13 operating theatres.