South Africa's Netcare posts 25 pct rise in full-year earnings
JOHANNESBURG Nov 18 (Reuters) - South African private hospital group Netcare Ltd reported a 25 percent rise in full-year profit on Monday, helped by a strong performance in its home market.
Netcare, which also operates in Britain, said adjusted headline earnings per share totalled 142 cents in year to end-September compared with 113.2 cents a year earlier.
Headline EPS, South Africa's main profit gauge, strips out certain one-off items.
While demand for private healthcare has increased in South Africa thanks to a fast-growing middle class, tentative economic growth in the United Kingdom has led to a drop in the number of Britons with private medical insurance.
Netcare said revenue rose 10.4 percent to 27.8 billion rand ($2.73 billion). ($1 = 10.1690 South African rand) (Reporting by Tiisetso Motsoeneng; editing by David Dolan)
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