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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 FY Adj HEPS From Cont Ops Of 171.6 Cents
1:00am EST 

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 09:00am EDT 

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 11:00am EDT 

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 01:00am EST 

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 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

UPDATE 1-S.Africa's Netcare to pay special dividend, FY earnings inch up

JOHANNESBURG, Nov 19 South Africa's second-largest private hospital firm Netcare Ltd announced on Monday a special dividend payout of 40 cents per share after reporting a marginal rise in full-year earnings.