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NETCARE LIMITED - Trading statement

Release Date: 15/05/2014 16:30
Code(s): NTC     PDF:  
Wrap Text
Trading statement

NETCARE LIMITED
(Registration number 1996/008242/06)
Code: NTC
ISIN number: ZAE000011953
("Netcare" or "the company")


TRADING STATEMENT

In terms of rule 3.4 (b) of the 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 next will differ by at least 20% from that of the previous corresponding period.

Netcare is in the process of finalising its unaudited results for the six months ended 31 March 2014,
which are expected to be released on SENS on or about 19 May 2014.

Shareholders will recall that a non-recurring, non-cash profit on the loss of control of the GHG
Property Businesses in the amount of R3 270 million was reported in the comparative six-month
period ended 31 March 2013. In accordance with accounting standards, this profit on loss of control
of the GHG Property Businesses was included in the calculation of earnings per share (“EPS”),
although it is excluded from the calculation of headline earnings per share (“HEPS”).

Shareholders are advised that in respect of the six months ended 31 March 2014, due to the non-
recurring nature of the comparative period’s profit on loss of control of the GHG Property
Businesses, Netcare’s EPS are expected to be between 65% and 85% lower than the prior year
comparative period. Aside from this non-recurring, non-cash benefit this trading statement would
not be necessary.

The above information has not been reviewed or reported on by Netcare’s auditors.


Johannesburg
15 May 2014

Sponsor
Nedbank Capital

Date: 15/05/2014 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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