Fin24

Netcare sees pick-up in earnings

2010-05-04 09:27

Johannesburg – Hospital group Netcare [JSE:NTC] said on Tuesday that its headline earnings per share (HEPS) for the six months ended March 2010 are expected to be between 20% and 30% higher compared to those for the six months ended March 2009.

Given the once off capital profit of R588m realised on the disposal of Netcare's interests in the Ampath Holdings Trust (Ampath) in the
prior year, the basic earnings per share for the first half will be lower than the prior year corresponding period, it said.

However, on eliminating the effect of the Ampath capital profit, basic earnings per share (EPS) for the six months are expected to be between 20% and 30% higher than the EPS for the six months ended March 2009.

Netcare's principal business interests are in the geographical regions of South Africa and the United Kingdom. It will report improved earnings in both regions for the six months ended March 2010, it said. 

The company expects to release its results on 17 May.

 - I-Net Bridge