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United States

Netcare Ltd (NTCJ.J)

NTCJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Netcare Posts HY Revenue Pf 9.97 Bln Rand Vs 9.21 Bln Rand
Monday, 14 May 2018 02:00am EDT 

May 14 (Reuters) - Netcare Ltd ::NETCARE LTD - HY REVENUE 9.97 BILLION RAND VERSUS 9.21 BILLION RAND.NETCARE LTD - SECURED APPROVAL OF COMPETITION TRIBUNAL FOR ITS ACQUISITION OF AKESO CLINICS.NETCARE LTD - NETCARE HAS PROVISIONALLY ACCOUNTED FOR AKESO ACQUISITION PURCHASE PRICE IN GROUP STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2018,.NETCARE LTD - SA HEALTHCARE MARKET HAS RETURNED TO GROWTH AND NETCARE EXPECTS DEMAND FOR PRIVATE HEALTHCARE TO REMAIN RESILIENT OVER MEDIUM TO LONGER TERM.NETCARE LTD - GROWTH IN PATIENT DAYS EXPERIENCED TO DATE IS EXPECTED TO CONTINUE INTO H2 2018, ALBEIT AT A SLOWER RATE THAN H1 2018 GROWTH..NETCARE LTD - NETCARE HAS NO CURRENT PLANS TO ADD ANY NEW ACUTE HOSPITAL BEDS IN SECOND HALF OF YEAR.NETCARE LTD - HY ADJUSTED HEADLINE EARNINGS PER SHARE 73.8 CENTS.  Full Article

Netcare Says To Exit UK Market
Wednesday, 28 Mar 2018 09:01am EDT 

March 28 (Reuters) - Netcare Ltd ::FOR SOUTH AFRICA HOSPITALS AND EMERGENCY SERVICES THERE HAS BEEN AN OVERALL IMPROVEMENT IN YEAR-ON-YEAR ACTIVITY IN H1 2018..‍UNDERLYING TRADING EBITDA MARGINS ARE EXPECTED TO REMAIN BROADLY FLAT AGAINST H1 2017 FOR HOSPITALS AND EMERGENCY SERVICES​.NETCARE - ‍TRADING CONDITIONS IN UK HAVE REMAINED DIFFICULT ACROSS PRIVATE HEALTHCARE MARKET, CHARACTERISED BY NHS DEMAND MANAGEMENT INITIATIVES, WEAKER PMI DEMAND​.NETCARE HAS MADE A STRATEGIC DECISION TO EXIT UK MARKET AND PURSUE DISPOSAL OF ITS INTERESTS IN GHG GROUP IN DUE COURSE.NETCARE - ‍UK OPERATIONS WILL BE DECONSOLIDATED FROM NETCARE'S ACCOUNTS WITH EFFECT FROM 28 MARCH 2018 AND NETCARE WILL PURSUE A DISPOSAL OF ITS INTERESTS​.  Full Article

SA's Competition Tribunal Approves Netcare Hospital Merger With Akeso With Pricing, Divestiture Conditions
Monday, 19 Mar 2018 06:47am EDT 

March 19 (Reuters) - SA's Competition Tribunal::CONDITIONS FOR NETCARE, AKESO DEAL INCLUDE: NETCARE SHALL MAINTAIN BASE TARIFF CURRENTLY IMPLEMENTED AT AKESO FACILITIES.CONDITIONS FOR NETCARE, AKESO DEAL INCLUDE: NETCARE WILL HONOUR AKESO'S EXISTING CONTRACTUAL AGREEMENTS.CONDITIONAL APPROVAL​ TERMS NETCARE TO NOT ALTER TARIFF CLASSIFICATIONS AT AKESO FACILITIES FOR EXISTING TREATMENT MODALITIES.CONDITIONS FOR NETCARE, AKESO DEAL INCLUDE NETCARE WILL DISPOSE OF RAND HOSPITAL AND BELL STREET HOSPITAL.  Full Article

Netcare Ltd Says Competition Tribunal Approves Netcare's Acquisition Of Akeso​
Monday, 19 Mar 2018 02:00am EDT 

March 19 (Reuters) - Netcare Ltd ::COMPETITION TRIBUNAL APPROVES NETCARE'S ACQUISITION OF AKESO​.  Full Article

Netcare Ltd says ‍FY adjusted HEPS from cont ops down 24.6 pct to 149.6 cents
Monday, 20 Nov 2017 01:00am EST 

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

Netcare says full-year EBITDA margins intact
Thursday, 28 Sep 2017 09:00am EDT 

Sept 28 (Reuters) - Netcare Ltd :NETCARE LTD - ‍GUIDED FULL-YEAR EBITDA MARGINS WOULD REMAIN BROADLY IN LINE WITH FIRST HALF EBITDA MARGIN OF 21.1% AND THIS GUIDANCE REMAINS INTACT​.H2 RESULTS ARE EXPECTED TO REFLECT TRADING LOSSES AND CLOSURE COSTS IN RESPECT OF MOZAMBIQUE OPERATIONS.  Full Article

Netcare says Jill Watts to resign as director of board
Thursday, 27 Jul 2017 07:00am EDT 

July 27 (Reuters) - NETCARE LTD ::JILL WATTS WILL BE RESIGNING AS A DIRECTOR OF BOARD AND AS CHIEF EXECUTIVE OF BMI HEALTHCARE WITH EFFECT FROM 30 SEPTEMBER 2017.KARIN PRINS (DR PRINS) WILL BE TAKING OVER AS BMI HEALTHCARE'S CHIEF EXECUTIVE FROM 1 OCTOBER 2017.  Full Article

Netcare sees HY HEPS to be between 17.0 pct and 21.0 pct higher than prior year
Tuesday, 9 May 2017 11:30am EDT 

May 9 (Reuters) - Netcare Ltd ::Says HY earnings and EPS are anticipated to be between 28.0% and 32.0% higher (26.0 cents and 29.7 cents) than those for previous comparable period.Says HY headline earnings and headline earnings per share (HEPS) are anticipated to be between 17.0% and 21.0% higher than those for H1 2016.  Full Article

Netcare sees first-half HEPS down between 9-13 pct
Thursday, 30 Mar 2017 09:00am EDT 

Netcare Ltd : Pre-close trading update . Adjusted HEPS for H1 2017 is expected to be between c. 9.0 pct and c. 13.0 pct lower . In 5 months to February 2017, average rand/pound sterling exchange rate was 23.1 pct stronger at 16.99 rand. .Stronger rand will negatively impact conversion of UK results in consolidated group accounts.  Full Article

South Africa's Netcare sees further margin pressure in 2017 financial year
Monday, 21 Nov 2016 01:00am EST 

Netcare Limited : Summarised Audited Group Results For The Year Ended 30 September 2016 . FY group EBITDA up 11.2 pct r5 539 million . FY adjusted HEPS up 5.6 pct to 199.5 cents . Final dividend per share up 5.6 pct to 57.0 cents . Fy revenue rose 12.1 pct to r37 796 million (2015: r33 711 million) . Invested r2 822 million (2015: r2 653 million) in capital expenditure . Demand for our private healthcare services in SA is expected to remain resilient . Year ahead will see further medical schemes introduce sizable lower cost 'efficiency options' . Higher prevalence of 'efficiency options' will result in further margin pressure in 2017 financial year .Planned capital expenditure in 2017 of approximately r1.7 billion.  Full Article

UPDATE 1-S.Africa's Netcare sees lower hospital margins, shares fall

JOHANNESBURG, Sept 27 South Africa's Netcare expects the core profit margin at its biggest division, hospital and emergency services, to fall 30-50 basis points this fiscal year due to a weak economy, it said on Thursday, sending its shares to a seven-month low.