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Japara earnings fall 40pc as COVID-19 bites

Carrie LaFrenz
Carrie LaFrenzSenior reporter
Updated
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Key Points

  • Revenue ($m): 438.8, up 2.6pc
  • EBITDA ($m): 19.8, down 39.8pc
  • Net loss ($m): 14.1 v 292.1

Takeover target Japara Healthcare’s net losses narrowed in fiscal 2021, but operating earnings fell 40 per cent as the aged care operator grapples with impacts of COVID-19 and the outcome of the aged care royal commission.

The impact of the COVID-19 pandemic has been extreme throughout the sector. With a significant presence in Victoria, Japara was affected by both the Melbourne outbreaks and the extended Victorian lockdowns.

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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
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    Original URL: https://www.afr.com/link/follow-20180101-p58n33