Wrap Text
Unaudited Interim Group Results for the six months ended 31 March 2024 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
A2X share code: NTC
ISIN: ZAE000081121
Unaudited Interim Group Results for the six months ended 31 March 2024
and Cash Dividend Declaration
Group EBITDA up 7.0% to R2.2 billion
Adjusted HEPS up 5.8% to 49.0 cents
Interim dividend 30.0 cents
Summarised Group financial information
Unaudited six months
ended
31 March 31 March %
Rm 2024 2023 change
Statement of profit or loss
Revenue 12 034 11 537 4.3
EBITDA1 2 156 2 015 7.0
Operating profit1 1 491 1 382 7.9
Profit for the period 708 666 6.3
Statement of financial position
Total assets 27 972 26 806 4.3
Total liabilities 16 837 15 713 7.2
Total shareholders' equity 11 135 11 093 0.4
Net debt (excluding lease liabilities) 5 841 5 019 16.4
Earnings and dividends per share (cents)
Basic earnings per share 48.7 45.8 6.3
Diluted earnings per share 48.7 45.7 6.6
Headline earnings per share 48.9 44.8 9.2
Adjusted headline earnings per share1 49.0 46.3 5.8
Interim dividend per share 30.0 30.0 -
1. Defined in the unaudited interim Group results.
Declaration of dividend number 27
Notice is hereby given of the declaration of a gross interim dividend of
30.0 cents per ordinary share in respect of the six months ended 31 March 2024.
The dividend has been declared from income reserves and is payable to shareholders
recorded in the register at the close of business on Friday, 12 July 2024.
The number of ordinary shares (inclusive of treasury shares) in issue at the date
of this declaration is 1 417 549 301. 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 dividends are as follows:
Last day to trade cum dividend Tuesday, 9 July 2024
Trading ex-dividend commences Wednesday, 10 July 2024
Record date Friday, 12 July 2024
Payment date Monday, 15 July 2024
Share certificates may not be dematerialised nor rematerialised between
Wednesday, 10 July 2024 and Friday, 12 July 2024, both dates inclusive.
On Monday, 15 July 2024, 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, 15 July 2024.
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/2024/jse/isse/NTC/ie2024.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.
20 May 2024
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, A Maditse, R Phillips, L Stephens
Company Secretary: CM Vikisi
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited, 135 Rivonia Road, Sandown, 2196
Transfer secretaries: CTSE Registry Services, Cape Town Stock Exchange, 5th Floor, 68 Albert Road, Woodstock,
Cape Town, 7965
Investor relations: ir@netcare.co.za
Date: 20-05-2024 08:00:00
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