Wrap Text
Group results for the year ended 30 September 2019
Netcare Limited
Registration number: 1996/008242/06
(Incorporated in the Republic of South Africa)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121
("Netcare" or the "Company")
Group Results for the year ended 30 September 2019
- Patient days up 3.7%
- Normalised EBITDA from continuing operations up 4.3%
- SA cash generated from operations up 13.5%
- Adjusted HEPS from continuing operations up 3.0%(1)
- Final dividend per share up 6.7%
Group financial information
Year ended
30 September 30 September %
Rm 2019 2018 change
Statement of profit or loss
Revenue 21 589 20 717 4.2
EBITDA before items below 4 388 4 209 4.3
Exceptional items 128 (1 544)
Realisation of FCTR(2) 128 -
Impairment of contractual economic interest - (1 544)
EBITDA 4 516 2 665 69.5
Operating profit 3 768 1 942 94.0
Profit for the year from continuing operations 2 478 1 006 146.3
Loss for the year from discontinued operations - (467)
Profit on loss of control - 4 205
Profit for the year 2 478 4 744 (47.8)
Statement of financial position
Total assets 21 415 20 764 3.1
Total liabilities 11 180 10 349 8.0
Total shareholders' equity 10 235 10 415 (1.7)
Net debt 5 114 4 805 6.4
Earnings and dividends per share (cents)
Basic earnings per share 176.7 357.7 (50.6)
Diluted earnings per share 175.0 353.6 (50.5)
Headline earnings per share 165.9 49.3 236.5
Adjusted headline earnings per share for continuing operations(1) 171.2 166.2 3.0
Dividend per share 111.0 104.0 6.7
Special dividend per share - 40.0
1. Base equalised to exclude prior year's interest income on contractual economic interest in BMI Healthcare's debt.
2. Foreign currency translation reserve.
Declaration of dividend number 21
Notice is hereby given of the declaration of a gross final dividend of 64.0 cents per ordinary share in respect of the year ended 30 September 2019. The dividend
has been declared from income reserves and is payable to shareholders recorded in the register at the close of business on Friday, 24 January 2020. The
number of ordinary shares (inclusive of treasury shares) in issue at the date of this declaration is 1 451 843 229. The dividends will be subject to a local dividend
withholding tax at a rate of 20%, which will result in a net final dividend to those shareholders not exempt from paying dividend withholding tax of 51.2 cents per
ordinary share and 64.0 cents per ordinary share for those shareholders who are exempt from dividend withholding tax.
The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act 71 of 2008 has been duly considered, applied
and satisfied.
The salient dates applicable to the dividends are as follows:
Last day to trade cum dividend Tuesday, 21 January 2020
Trading ex-dividend commences Wednesday, 22 January 2020
Record date Friday, 24 January 2020
Payment date Monday, 27 January 2020
Share certificates may not be dematerialised nor rematerialised between Wednesday, 22 January 2020 and Friday, 24 January 2020, both dates inclusive.
On Monday, 27 January 2020, the dividends will be electronically transferred to the bank accounts of all certificated shareholders. Holders of dematerialised
shares will have their accounts credited at their participant or broker on Monday, 27 January 2020.
Netcare Limited’s tax reference number is 9999/581/71/4.
On behalf of the Board
Thevendrie Brewer
Chairperson
Richard Friedland
Chief Executive Officer
Keith Gibson
Chief Financial Officer
Sandton
14 November 2019
This short-form announcement is the responsibility of the directors, it is only a summary of the information in the full announcement and does not contain the
full or complete details. The full announcement can be found on the Company’s website on www.netcare.co.za/Netcare-Investor-Relations as well as on the JSE's
website at https://senspdf.jse.co.za/documents/2019/jse/isse/NTC/ye2019.pdf. Copies of the full announcement are available for inspection and may also be
requested at the Company's registered office, at no charge, during office hours. Any investment decisions should be based on consideration of the full
announcement published on the JSE's website and on the Company's website.
This short-form announcement is itself not audited but extracted from audited results.
Registered office: 76 Maude Street (corner West Street), Sandton 2196, Private Bag X34, Benmore 2010 Executive directors: RH Friedland (Chief Executive
Officer), KN Gibson (Chief Financial Officer) Non-executive directors: T Brewer (Chairperson), MJ Kuscus, KD Moroka, N Weltman, M Bower, B Bulo, L Human
Company Secretary: L Bagwandeen Sponsor: Nedbank Corporate and Investment Banking, 135 Rivonia Road, Sandown, 2196 Transfer secretaries: 4 Africa
Exchange Registry (Pty) Ltd, Cedar Woods House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston, Tel: 011 100 8352 Investor relations: ir@netcare.co.za
www.netcare.co.za
18 November 2019
Date: 18/11/2019 08:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.