Edition:
United Kingdom

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.