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 - GROUP RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2009
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 audited Group results for the
year ended 30 September 2009, which are expected to be released on SENS on or
about 23 November 2009.
Netcare`s principal business interests are in the geographical regions of
South Africa and the United Kingdom. Both regions will report improved
earnings for the year. The earnings will be further enhanced by the savings
in finance costs as a result of lower interest rates in South Africa and the
reduction in interest bearing debt arising from the proceeds on the sale of
the Ampath Holdings Trust.
Having regard to the above, shareholders are advised that -
basic earnings per share ("EPS") for the year ended 30 September 2009 are
expected to be between 90% and 100% higher than the EPS for the year ended 30
September 2008; and
headline earnings per share ("HEPS") for the year ended 30 September 2009
are expected to be between 25% and 35% higher compared to the HEPS for the
year ended 30 September 2008.
The financial information on which the above trading statement has been
provided has neither been reviewed nor reported on by Netcare`s auditors.
Johannesburg
12 November 2009
Sponsor - Nedbank Capital
Date: 12/11/2009 08:30:04 Produced by the JSE SENS Department.
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