To view the PDF file, sign up for a MySharenet subscription.

NTC - Netcare Limited - Trading Statement

Release Date: 14/11/2008 15:31
Code(s): NTC
Wrap Text

NTC - Netcare Limited - Trading Statement NETCARE LIMITED (Registration number 1996/008242/06) Code: NTC ISIN number: ZAE000011953 ("Netcare" or "the Group") TRADING STATEMENT In terms of paragraph 3.4 (b) of the JSE Limited (" JSE" ) listings requirements, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported upon differ by at least 20% from that of the previous corresponding period. Netcare is in the process of finalising its results for the year ended 30 September 2008. The audited results for the year ended 30 September 2008 are expected to be released on SENS on or about 24 November 2008. For a proper appreciation of this trading statement, it should be noted that the results for the previous corresponding period included a once-off credit of 15.9 cents per share arising from the release of a deferred tax provision in the United Kingdom no longer required, following a 2% reduction in the United Kingdom (UK) corporate rate of tax from 30% to 28%. Having regard thereto, basic earnings per share (" EPS" ) and headline earnings per share (" HEPS" ) for the year ended 30 September 2008, excluding the once- off credit are expected to differ by between -2% and 8% compared to the corresponding prior period. With the inclusion of the once-off credit for the year ended 30 September 2007, the comparable EPS and HEPS for the year ended 30 September 2008 are expected to be between 15% and 22% lower than the previous corresponding period. The financial information on which the above trading statement has been provided has neither been reviewed nor reported on by Netcare`s auditors. Johannesburg 14 November 2008 Sponsor - Merrill Lynch South Africa (Pty) Limited Date: 14/11/2008 15:31:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story