Edition:
United Kingdom

Netcare Ltd (NTCJ.J)

NTCJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Netcare Says Posts 2.4% Increase In Adjusted HY HEPS
Monday, 13 May 2019 

May 13 (Reuters) - Netcare Ltd ::UNAUDITED INTERIM GROUP RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2019CHANGES TO THE BOARD.HY 2.4% INCREASE IN ADJUSTED HEPS.HY GROUP REVENUE FROM CONTINUING OPERATIONS GREW BY 5.6% TO R10 520 MILLION (2018: R9 966 MILLION).HY 6.8% INCREASE IN INTERIM DIVIDEND TO 47.0 CENTS.HY ADJUSTED HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS FELL BY 3.9% TO 84.3 CENTS (2018: 87.7 CENTS).CHALLENGING HEALTHCARE LANDSCAPE IS EXPECTED TO CONTINUE INTO SECOND HALF OF FY 2019.CAPITAL EXPENDITURE FOR FY 2019 IS FORECAST AT R1.6 BILLION.FULL YEAR GROWTH IS EXPECTED TO BE LOWER THAN H1.NETCARE ANTICIPATES A CONTRACTION IN FULL YEAR EBITDA MARGIN FOR HOSPITALS AND EMERGENCY SERVICES OF BETWEEN 50 AND 80 BASIS POINTS.HY ADJUSTED HEADLINE EARNINGS PER SHARE 84.3 RAND VERSUS 73.8 RAND.  Full Article

Netcare Says Disposal Of Netcare Rand, Netcare Bell Street Hospitals
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Netcare Ltd ::JSE: NTC - NTCP - DISPOSAL OF NETCARE RAND AND NETCARE BELL STREET HOSPITALS.TO DISPOSE OF RAND AND BELL ASSETS AND PROPERTIES FOR A COMBINED CASH CONSIDERATION OF R124 MLN.WILL ONLY RECOGNISE CAPITAL PROFIT ARISING ON DISPOSAL OF RAND AND BELL IN ITS ACCOUNTS UPON FORMAL CLOSING OF TRANSACTION .ENTERED AGREEMENTS, THROUGH UNITS, WITH RH BOPHELO LIMITED AND RH MANAGERS PROPRIETARY LIMITED, THROUGH THEIR RESPECTIVE SUBSIDIARIES.  Full Article

Netcare FY Adj HEPS From Cont Ops Of 171.6 Cents
Monday, 19 Nov 2018 

Nov 19 (Reuters) - Netcare Ltd ::SPECIAL DIVIDEND OF 40.0 CENTS.5.3% INCREASE IN FINAL DIVIDEND TO 60.0 CENTS.0.6% INCREASE IN ADJUSTED HEPS FROM CONTINUING OPERATIONS TO 171.6 CENTS IN FY.FY GROUP REVENUE FROM CONTINUING OPERATIONS GREW BY 8.4% TO R20 717 MILLION (2017: R19 114 MILLION).FY HEADLINE EARNINGS PER SHARE 48.8 CENTS.CAPITAL EXPENDITURE OF R1.6 BILLION IS PLANNED FOR 2019.CAPITAL EXPENDITURE OF R1.6 BILLION IS PLANNED FOR 2019.EXPANSIONARY CAPEX OF ABOUT R600 MILLION TO INCLUDE EXPANSION OF NETCARE MILPARK HOSPITAL WITH 100 BEDS DUE TO BE COMMISSIONED IN 2020.ELECTED TO REPLACE GRANT THORNTON AS EXTERNAL AUDITOR.APPOINTED DELOITTE & TOUCHE TO REPLACE GRANT THORNTON JOHANNESBURG AS AUDITOR OF COMPANY AND GROUP.  Full Article

Netcare Says FY EBITDA Margins To Decline By Between 30-50 Bps
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Netcare Ltd ::TOTAL GROWTH IN PATIENT DAYS OF APPROXIMATELY 6.0 % IS EXPECTED FOR FY2018.GROWTH IN ACUTE HOSPITAL ACTIVITY REMAINED STRONG UP UNTIL JUNE 2018.ACUTE HOSPITAL ACTIVITY EXPERIENCED A DECLINE IN LAST QUARTER OF FY2018, IMPACTED BY GENERAL DOWNTURN IN SOUTH AFRICAN ECONOMY.FULL YEAR EBITDA MARGINS ARE EXPECTED TO DECLINE BY BETWEEN 30 AND 50 BASIS POINTS AGAINST PRIOR YEAR'S EBITDA MARGIN OF 21.1%.SAW DOWNTURN IN LOWER DEMAND FROM PRIVATE SELF-PAY PATIENTS DURING PERIOD.SAW DECLINE IN FOREIGN PATIENTS RESULTING FROM MORE STRINGENT CREDIT CONTROL MEASURES APPLIED TO THE PATIENTS DURING PERIOD.DIFFICULT TRADING CONDITIONS IN H2, HIGHER GROWTH IN PATIENTS FROM LOW COST HOSPITAL NETWORK OPTIONS, HAD IMPACT ON EBITDA MARGINS IN FY.  Full Article

Netcare Sees HY Adjusted HEPS From Cont Ops To Be Between 5.0% And 10.0% Higher Than Prior Year
Wednesday, 9 May 2018 

May 9 (Reuters) - Netcare Ltd ::SEES HY ADJUSTED HEADLINE EARNINGS AND ADJUSTED HEPS FROM CONTINUING OPERATIONS TO BE BETWEEN 5.0% AND 10.0% HIGHER THAN PRIOR YEAR.  Full Article

Netcare Issues Update On Operations In United Kingdom
Thursday, 18 Jan 2018 

Jan 18 (Reuters) - Netcare Ltd ::‍NETCARE'S FY2017 FINANCIAL PERFORMANCE MEANT THAT BMI'S FINANCING FACILITIES NEEDED TO BE AMENDED​.‍NETCARE ASSISTED BMI HEALTHCARE IN NEGOTIATING AN AMENDMENT​.‍AS PART OF AMENDED TERMS, NETCARE PROPOSED TO INVEST AN ADDITIONAL £20 MILLION INTO BMI AND PROVIDE CREDIT SUPPORT WITH RESPECT TO CERTAIN INDEBTEDNESS OF BMI​.‍REMAINS COMMITTED TO BMI AND IS IN DISCUSSIONS WITH ITS LARGEST LANDLORD (THEATRE PROPCO) WITH OBJECTIVE TO AGREE A RENT REDUCTION TRANSACTION.‍FURTHER FINANCIAL SUPPORT FROM NETCARE FOR BMI WILL REMAIN SUBJECT TO A RESOLUTION OF RENT RENEGOTIATION TRANSACTION WITH THEATRE PROPCO​.  Full Article

Netcare Ltd says ‍FY adjusted HEPS from cont ops down 24.6 pct to 149.6 cents
Monday, 20 Nov 2017 

Nov 20 (Reuters) - NETCARE LTD ::FY ‍REVENUE OF 34.13 BILLION RAND VERSUS 37.73 BILLION RAND YEAR AGO.FY ‍PROFIT BEFORE TAXATION DOWN 30.6 PERCENT TO 2.68 BILLION RAND.FY ‍NORMALISED GROUP EARNINGS BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION ("EBITDA") DECLINED 22.7% TO R4 265 MILLION​.‍FY ADJUSTED HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS (ADJUSTED HEPS) REDUCED BY 24.6% TO 149.6 CENTS (2016: 198.5 CENTS)​.‍GROSS FINAL DIVIDEND OF 57.0 CENTS PER ORDINARY SHARE IS DECLARED IN RESPECT OF YEAR ENDED 30 SEPTEMBER 2017​.  Full Article

UPDATE 1-S Africa puts initial universal healthcare cost at $17 bln

PRETORIA, Aug 8 South Africa published its draft National Health Insurance (NHI) bill on Thursday, with one senior official estimating universal healthcare for millions of poorer citizens would cost about 256 billion rand ($16.89 billion) to implement by 2022.