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South Africa's Netcare posts 25 pct rise in full-year earnings

Mon 18th November, 2013 7:17am
JOHANNESBURG, Nov 18 (Reuters) - South African private hospital group Netcare Ltd  NTCJ.J  reported a 25 percent rise in full-year profit on Monday, helped by a strong performance in its home market. Netcare, which also operates in Britain, said adjusted headline earnings per share totalled 142 cents in year to end-September compared with 113.2 cents a year earlier. Headline EPS, South Africa's main profit gauge, strips out certain one-off items.  While demand for private healthcare has increased in South Africa thanks to a fast-growing middle class, tentative economic growth in the United Kingdom has led to a drop in the number of Britons with private medical insurance.  Netcare said revenue rose 10.4 percent to 27.8 billion rand ($2.73 billion). ($1 = 10.1690 South African rand) (Reporting by Tiisetso Motsoeneng; editing by David Dolan) ((tiisetso.motsoeneng@thomsonreuters.com)(+27 11 775 3122)(Reuters Messaging: tiisetso.motsoeneng.thomsonreuters.com@reuters.net)) Keywords: NETCARE/RESULTS
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