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Unaudited Interim Group Results for the six months ended 31 March 2023 and Cash Dividend Declaration
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 2023
- Group EBITDA up 24.0% to R2.0 billion
- Adjusted HEPS up 31.5% to 46.3 cents
- Interim dividend 30.0 cents
Summarised Group financial information
Unaudited
six months ended
31 March 31 March %
Rm 2023 2022 change
Statement of profit or loss
Revenue 11 537 10 311 11.9
EBITDA 2 015 1 625 24.0
Operating profit 1 382 1 043 32.5
Profit for the period 666 448 48.7
Statement of financial position
Total assets 26 806 25 331 5.8
Total liabilities 15 713 14 742 6.6
Total shareholders' equity 11 093 10 589 4.8
Net debt (excluding lease liabilities) 5 019 5 379 (6.7)
Earnings and dividends per share (cents)
Basic earnings per share 45.8 30.7 49.2
Headline earnings per share 44.8 31.9 40.4
Adjusted headline earnings per share1 46.3 35.2 31.5
Interim dividend per share 30.0 20.0 50.0
1. Defined in the unaudited interim Group results.
Declaration of dividend number 25
Notice is hereby given of the declaration of a gross interim dividend of 30.0 cents per ordinary share in respect of
the period ended 31 March 2023. The dividend has been declared from income reserves and is payable to shareholders
recorded in the register at the close of business on Friday, 14 July 2023. The number of ordinary shares (inclusive of
treasury shares) in issue at the date of this declaration is 1 439 090 009. The dividends will be subject to a local
dividend withholding tax at a rate of 20%, which will result in a net final dividend to those shareholders not exempt
from paying dividend withholding tax of 24.0 cents per ordinary share and 30.0 cents per ordinary share for those
shareholders who are exempt from dividend withholding tax.
The Board has confirmed by resolution that the solvency and liquidity test as contemplated by the Companies Act 71 of
2008 has been duly considered, applied and satisfied.
The salient dates applicable to the dividend are as follows:
Last day to trade cum dividend Tuesday, 11 July 2023
Trading ex-dividend commences Wednesday, 12 July 2023
Record date Friday, 14 July 2023
Payment date Monday, 17 July 2023
Share certificates may not be dematerialised nor rematerialised between Wednesday, 12 July 2023 and Friday,
14 July 2023, both dates inclusive.
On Monday, 17 July 2023, the dividends will be electronically transferred to the bank accounts of all certificated
shareholders. Holders of dematerialised shares will have their accounts credited at their participant or broker on
Monday, 17 July 2023.
Netcare Limited's tax reference number is 9999/581/71/4.
This short-form announcement is the responsibility of the directors of the Company and is only a summary of the full
announcement, which is available on the Company's website on
http://www.netcare.co.za/Netcare-Investor-Relations/Reports/Financial-Results, and does not contain complete or full details.
Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement.
The full announcement can be accessed directly using the following JSE link:
https://senspdf.jse.co.za/documents/2023/jse/isse/NTC/ie2023.pdf.
The full announcement is also available for inspection at the Company's registered office by investors
and/or shareholders at no charge, during normal business hours.
22 May 2023
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: M Bower (Chairperson), B Bulo, L Human, I Kirk, R Phillips, L Stephens
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: 011 100 8352
Investor relations: ir@netcare.co.za
Date: 22-05-2023 07:30:00
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