Netcare earnings likely to increase
Author: Sandile Mchunu
Healthcare group Netcare, with South African and UK operations, released a trading update in which it informed its shareholders that it expects a rise in earning for the six months to end March.
The South African operator of private hospitals says earnings and earnings per share (Eps) are likely to be between 28 percent and 32 percent higher as compared with March 2016, with an increase in headline earnings per share (Heps) of between 15.4c and 19c, an increase of between 17 percent and 21 percent.
Earnings are forecast to rise by between R351 million and R401m, up from R1.25 billion reported a year ago. The earnings per share are expected to increase by between 26 cents and 29.7c, and beating last year’s earnings of 92.7c a share.
Source: Business Report