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HomeMarket OverviewNetcare Limited FY 2024 Earnings Report: Revenue grows to R25 billion

Netcare Limited FY 2024 Earnings Report: Revenue grows to R25 billion

02-12-2024
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: 

*Any opinions, views, analysis or other information provided in this article is provided by BCS Markets SA trading as BROKSTOCK as general market commentary and should not be viewed as advice according to the FAIS Act of 2002. BCS Markets SA does not warrant the correctness, accuracy, timeliness, reliability or completeness of any information provided by third parties. You must rely upon your judgement in all aspects of your investment decisions and all decisions are made at your own risk. BCS Markets SA and any of its employees shall not be responsible for and will not accept any liability for any direct or indirect loss including without limitation any loss of profit which may arise directly or indirectly from use of the market commentary. The content contained within the article is subject to change at any time without notice. BCS Markets SA is an authorised financial services provider FSP No. 51404.

** This article was prepared by BROKSTOCK analyst Maboko Seabi

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