Group financial highlights
- 11% increase in basic earnings per share
- 11% increase in profit before taxation
- 8% increase in interim reduction of capital per share
to 14 cents per share
- 16% increase in group revenue, 12% organic growth
- 15% increase in United Kingdom core operating profit
Group business highlights
- Strong organic and acquisitive growth in SA hospitals
- Strong growth of managed care products
- Awarded Africa’s largest healthcare PPP in Lesotho
- New managing directors appointed for SA Hospital,
Netcare 911 and Primary Care divisions
- UK hospitals now profitable after debt servicing
- Strong growth in NHS patient admissions
- Acquisition of seven Nuffield hospitals in the UK
Commentary
Netcare Limited, a holding company listed on the JSE Limited, operating through its subsidiaries, the largest
private hospital networks in South Africa and the United Kingdom (UK), announces unaudited group results for
the six-month period ended 31 March 2008. The interim financial information has been prepared in accordance
with International Financial Reporting Standards (IFRS), and is in compliance with IAS 34 Interim Financial
Reporting, the Listings Requirements of the JSE Limited and the South African Companies Act, 1973, as
amended.
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