Netcare Limited FY 2024 Earnings Report: Revenue grows to R25 billion
Netcare has published its financial results for the fiscal year ending September 2024. The results reflect strong financial and operational achievements, highlighting the group's commitment to strategic transformation against challenging economic conditions. Netcare’s focus on digitisation, operational efficiencies, and sustainability initiatives continues to shape its growth while improving clinical outcomes and patient care.
Key Financial Metrics
● Revenue Growth: Revenue increased 6.3% to R25.202 billion.
● EBITDA and Margins:
EBITDA rose 10.1% to R4.530 billion.
● Earnings: Headline earnings per share (HEPS) improved 7.6% to 113.7 cents.
● Shareholder Returns: Netcare returned R1.6 billion to shareholders through dividends and share buybacks.
Analyst Expectations
Analysts maintain a positive outlook for the group, with an average target price of R15.64, indicating potential upside from current levels and projected earnings growth of 19.56% annually. The share price is supported by strong upward momentum and trading above its short- and mid-term moving averages, maintaining a bullish trend. The relative strength indicator shows balanced trading conditions. Key technical levels are identified at R13.20 for support and R15.57 for resistance, offering actionable entry and exit points for investors.
Disclaimer:
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** This article was prepared by BROKSTOCK analyst Maboko Seabi
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