NTC
NTC
NTC - Netcare Limited - Trading Statement
NETCARE LIMITED
(Registration number 1996/008242/06)
Code: NTC
ISIN number: ZAE000011953
("Netcare" or "the Group")
TRADING STATEMENT
In terms of paragraph 3.4 (b) of the JSE Limited (" JSE" ) listings
requirements, companies are required to publish a trading statement as soon as
they become reasonably certain that the financial results for the period to be
reported upon differ by at least 20% from that of the previous corresponding
period.
Netcare is in the process of finalising its results for the year ended 30
September 2008. The audited results for the year ended 30 September 2008 are
expected to be released on SENS on or about 24 November 2008.
For a proper appreciation of this trading statement, it should be noted that the
results for the previous corresponding period included a once-off credit of 15.9
cents per share arising from the release of a deferred tax provision in the
United Kingdom no longer required, following a 2% reduction in the United
Kingdom (UK) corporate rate of tax from 30% to 28%.
Having regard thereto, basic earnings per share (" EPS" ) and headline earnings
per share (" HEPS" ) for the year ended 30 September 2008, excluding the once-
off credit are expected to differ by between -2% and 8% compared to the
corresponding prior period. With the inclusion of the once-off credit for the
year ended 30 September 2007, the comparable EPS and HEPS for the year ended 30
September 2008 are expected to be between 15% and 22% lower than the previous
corresponding period.
The financial information on which the above trading statement has been provided
has neither been reviewed nor reported on by Netcare`s auditors.
Johannesburg
14 November 2008
Sponsor - Merrill Lynch South Africa (Pty) Limited
Date: 14/11/2008 15:31:01 Produced by the JSE SENS Department.
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