Event non-ATF Mobile

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%.

 

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