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Initial Trading Statement
ADVANCED HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/059246/06)
(“the Company” or “Advanced Health”)
ISIN Code: ZAE000189049 JSE Code: AVL
INITIAL TRADING STATEMENT
In terms of paragraph 3.4(b)(i) of the Listings Requirements of the Johannesburg Stock Exchange, listed
companies are required to publish a trading statement as soon as they become reasonably certain that the
financial results for the next period to be reported on will differ by more than 20% from those of the previous
corresponding period.
Shareholders are advised that Advanced Health expects to report that earnings and headline earnings per
share, attributable to the parent, for the six months ending 31 December 2016, will be a loss and at least
100% lower than the earnings per share of 0.42 cents and headline earnings per share of 0.51 cents for the
comparative period ended 31 December 2015.
The decrease in earnings is planned and in accordance with the company rolling out its known strategy to
become the leading provider of day hospitals in South Africa. Currently we have ten day hospitals in South
Africa and three in Australia. During the 2016 calendar year seven new day clinics became operational in
South Africa, and in Australia the new six theatre day hospital in Chatswood, became operational.
As is the nature of the roll out of day hospitals the commissioning process of these hospitals will require a
settling-in period of up to 36 months before the envisaged financial advantages fully materialise.
The Company is however starting to see an increase in the number of patients treated and consequently
turnover in both South Africa and Australia compared to the prior comparative period.
A further trading statement will be released once more certainty is obtained in terms of the range and
numbers.
The information in this trading statement has not been reviewed and reported on by the Company’s auditors.
Johannesburg
30 November 2016
Designated Advisor
Grindrod Bank Limited
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