File image
Durban - 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. 

Read also: Netcare to buy Akeso for R1.3bn 

In the trading statement, the company says these results will include the benefit of two sizeable, non-trading items, being, firstly, a capital profit on the sale of the land and buildings of the old Netcare Christiaan Barnard Memorial Hospital; and, secondly, a non-cash, fair value accounting credit on the mark-to-market valuation of Retail Price Index swap instruments related to property leases of the United Kingdom operations.The company says it will release its results on May 15.

BUSINESS REPORT ONLINE