Japara Healthcare Limited (ASX:JHC) provided a market update regarding the COVID-19 impact on its business.
The Company stated that its financial results for FY20 would include a non-cash impairment charge, mainly to goodwill, in the range of $270-$300 million.
For determination of the anticipated impairment charge, JHC considered several assumptions comprising discount rates, operating performance of business and industry, the economic environment and regulatory conditions.
Currently, Japara has 4,060 occupied places, an increase of five occupied places since 31 December 2019; and this signifies a decreased occupancy rate of 91.7%.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.