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NETCARE LIMITED - Unaudited Interim Group Results for the six months ended 31 March 2021

Release Date: 24/05/2021 08:00
Code(s): NTC NTCP     PDF:  
Wrap Text
Unaudited Interim Group Results for the six months ended 31 March 2021

Netcare Limited
("Netcare", "the Company" or "the Group")
Registration number: 1996/008242/06
(Incorporated in the Republic of South Africa)
JSE ordinary share code: NTC
ISIN: ZAE000011953
JSE preference share code: NTCP
ISIN: ZAE000081121

Unaudited Interim Group Results for the six months ended 31 March 2021

- Revenue R10.1 billion
- Adjusted HEPS 27.3 cents
- R6.6 billion cash resources and committed undrawn facilities at 31 March 2021

Summarised Group financial information

Unaudited                                         31 March  31 March       %                                                                             
Rm                                                    2021      2020  change 
Statement of profit or loss                                                  
Revenue                                             10 081    10 713    (5.9)
EBITDA before exceptional item                       1 493     2 360   (36.7)
Operating profit before exceptional item               915     1 787   (48.8)
Profit for the period before exceptional item          375       983   (61.9)
Exceptional item (before and after tax):                                     
Share-based payment expense on B-BBEE transaction        -      (348)        
EBITDA                                               1 493     2 012   (25.8)
Operating profit                                       915     1 439   (36.4)
Profit for the period                                  375       635   (40.9)
Statement of financial position                                              
Total assets                                        27 036    26 672     1.4 
Total liabilities                                   16 829    16 628     1.2 
Total shareholders' equity                          10 207    10 044     1.6 
Net debt                                             6 072     6 231    (2.6)
Earnings and dividends per share (cents)                                                   
Basic earnings per share                              26.3      43.6   (39.7)
Headline earnings per share                           26.6      44.0   (39.5)
Adjusted headline earnings per share                  27.3      71.7   (61.9)
Interim dividend per share                             Nil       Nil        

Short-form announcement dated 24 May 2021

This short-form announcement is the responsibility of the directors, it is only a summary of the information 
in the full announcement and does not contain the full or complete details. The full announcement can be found on 
the Company's website on www.netcare.co.za/Netcare-Investor-Relations as well as on the JSE's website at
https://senspdf.jse.co.za/documents/2021/jse/isse/NTC/ie2021.pdf.

Copies of the full announcement are available for inspection and may also be requested at the Company's registered office,
at no charge, during office hours. Any investment decisions should be based on consideration of the full announcement
published on the JSE's website and on the Company's website.

www.netcare.co.za
Registered office: 76 Maude Street (corner West Street), Sandton 2196, Private Bag X34, Benmore 2010
Executive directors: RH Friedland (Chief Executive Officer), KN Gibson (Chief Financial Officer)
Non-executive directors: T Brewer (Chairperson), M Bower, B Bulo, L Human, D Kneale, MJ Kuscus, KD Moroka
Company Secretary: C Vikisi
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 135 Rivonia Road, Sandown, 2196
Transfer secretaries: 4 Africa Exchange Registry (Pty) Ltd, Cedar Woods House, Ballywoods Office Park, 33 Ballyclare Drive, Bryanston
Tel: +27 (0)11 100 8352
Investor relations: ir@netcare.co.za


Date: 24-05-2021 08:00:00
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