netcare ltd (NTC) Snapshot

Netcare Limited reported unaudited group earnings results for the six months ended March 31, 2013. For the period, the company reported revenue of ZAR 13,344 million against ZAR 12,295 million for the same period in the last year. Operating profit before impairment of goodwill and profit on deconsolidation was ZAR 1,528 million against ZAR 1,799 million for the same period in the last year. Operating profit was ZAR 4,798 million against ZAR 1,799 million for the same period in the last year. Profit before taxation was ZAR 4,425 million against ZAR 862 million for the same period in the last year. Profit from continuing operations was ZAR 4,186 million against ZAR 705 million for the same period in the last year. Profit attributable to owners of the parent was ZAR 4,136 million or 306.1 cents per diluted share against ZAR 699 million or 52.9 cents per diluted share for the same period in the last year. Profit attributable to owners of the parent from continuing operations was ZAR 4,136 million or 306.1 cents per diluted share against ZAR 698 million or 52.8 cents per diluted share for the same period in the last year. Negative net cash from operating activities was ZAR 3 million against ZAR 50 million for the same period in the last year. Purchase of property, plant and equipment was ZAR 443 million against ZAR 561 million for the same period in the last year. Additions to intangible assets were ZAR 12 million against ZAR 9 million for the same period in the last year. Headline earnings from continuing operations were ZAR 868 million or 64.2 cents per diluted share against ZAR 687 million or 52.0 cents per diluted share for the same period in the last year. Adjusted headline earnings were ZAR 827 million or 62.7 cents per diluted share against ZAR 676 million or 51.9 cents per diluted share for the same period in the last year. Headline earnings per diluted share were 64.2 cents against 52.1 cents for the same period in the last year. Group net debt at March 31, 2013 amounted to ZAR 5,460 million.

Netcare Limited. provided earnings guidance for the six months ended March 31, 2013. For the period, the company's EPS is expected to be between 475% and 495% higher than the prior year comparative period, whilst HEPS is expected to increase by between 20% and 25%.

Netcare Limited. declared a preference dividend of 349.66438 cents (gross) per preference share for the period from October 1, 2012 to March 13, 2013, payable on May 6, 2013 to holders of the preference shares recorded in the books of the company at close of business on May 3, 2013. The preference dividend has been declared out of income reserves. Ex-dividend date as on April 26, 2013.