Mediclinic (MEI) 1H23 Results Snapshot

Diluted HEPS increased to 11.3 pence (+28.2% y-y).
Turnover growth +9.5% y-y.
Expenses to sales creeped up to 93.2% compared to 92.3% LY.
OPM declined by 128bps to 6.9%.
Board declared no dividend as Bidco reserved the right to reduce the acquisition price by the dividend amount declared before the Scheme becomes effective.