Edition:
United States

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.