The share closed 2.94 percent down at R3.30.
Headline earnings increased by 1.6 percent to R265.2 million, up from R269.9m compared to last year. The group attributed the flat headline earnings to increased gearing and the higher amortisation costs of intangible assets.
This comes after the group made some notable acquisitions during the year. AfroCentric acquired an additional 25 percent stake in AFA Botswana, effective March 1. The acquisition will effectively increase Medscheme’s shareholding to 49 percent.
It also acquired a further 74 percent stake in Activo Health, also effective March. The group holds a 100 percent stake in the company as well as the acquisition of Sanlam Health, which represents an administrator with specialised skills in combined corporate health offerings and an administration system.