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.
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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.
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