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 - AUDITED GROUP RESULTS FOR THE YEAR ENDED 30 SEPTEMBER 2010
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 2010, which are expected to be released on SENS on or about
15 November 2010.
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 in their local currencies. Due to the strengthening of the Rand
however, the lower conversion rates in 2010 will have an effect on the
translated earnings of our UK subsidiary, General Healthcare Group Ltd.
The Group`s earnings for last year included a capital profit from the Ampath
sale. Accordingly the basic earnings comparisons for this year will reflect
this non-recurring disposal.
Having regard to the above, shareholders are advised that -
given the comments on the Ampath disposal, basic earnings per share ("EPS") for
the year ended 30 September 2010 are expected to be between 15% and 25% lower
than the EPS for the year ended 30 September 2009; and
headline earnings per share ("HEPS") however for the year ended 30 September
2010 are expected to be between 20% and 30% higher compared to the HEPS for the
year ended 30 September 2009.
The financial information on which the above trading statement has been provided
has neither been reviewed nor reported on by Netcare`s auditors.
Johannesburg
01 November 2010
Sponsor - Nedbank Capital
Date: 01/11/2010 08:00:01 Produced by the JSE SENS Department.
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