Johannesburg – Healthcare company Netcare’s bottom line jumped by 19.1% to R2.9bn for the year ended 30 September 2016 despite a slowing South African economy.
CORRECTION: Fin24 previously reported the figures to be in millions. It has since been corrected to billions.
The hospital and medical services group released its results in a statement on Monday. Earnings Before Interest, Taxation, Depreciation and Amortisation (Ebitda) increased 11.2% to R5.54bn. Operating profit was up 11.3% to R4.14bn.