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NETCARE LIMITED - Unaudited interim group results for the six months ended 31 March 2020

Release Date: 25/05/2020 08:00
Code(s): NTC NTCP     PDF:  
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Unaudited interim group results for the six months ended 31 March 2020

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", "the Company" or "the Group")

Unaudited Interim Group Results
for the six months ended 31 March 2020

Summarised Group Financial Information
                                                                       31 March         31 March                %
Rm                                                                        2020*             2019           change

Statement of profit or loss
Revenue                                                                  10 713           10 520              1.8
EBITDA before exceptional item                                            2 360            2 106             12.1
Operating profit before exceptional item                                  1 787            1 748              2.2
Profit for the period before exceptional item                               983            1 115            (11.8)
Exceptional item (before and after tax):
Share-based payment expense on B-BBEE transaction                          (348)               -
EBITDA                                                                    2 012            2 106             (4.5)
Operating profit                                                          1 439            1 748            (17.7)
Profit for the period from continuing operations                            635            1 115            (43.0)
Loss for the period from discontinued operations                              -              (1)
Profit for the period                                                       635            1 114            (43.0)
Statement of financial position
Total assets                                                             26 672           21 275             25.4
Total liabilities                                                        16 628           11 654             42.7
Total shareholders' equity                                               10 044            9 621              4.4
Net debt                                                                  6 231            6 182              0.8
Earnings and dividends per share (cents)
Basic earnings per share                                                   43.6             78.9            (44.7)
Headline earnings per share                                                44.0             80.7            (45.5)
Adjusted headline earnings per share                                       71.7             84.3            (14.9)
Interim dividend per share                                                    -             47.0

* March 2020 reported on an IFRS 16 basis, March 2019 not restated.

Short-form announcement dated 25 May 2020

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 as well as on the JSE's
website at 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.

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), M Bower, B Bulo, L Human, D Kneale, MJ Kuscus, KD Moroka,
N Weltman 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:

Date: 25-05-2020 08:00:00
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