{"id":16448,"date":"2012-11-06T20:37:21","date_gmt":"2012-11-06T18:37:21","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/update-1-s-africas-mediclinic-h1-profit-surges-shares-rise\/"},"modified":"2012-11-06T20:37:21","modified_gmt":"2012-11-06T18:37:21","slug":"update-1-s-africas-mediclinic-h1-profit-surges-shares-rise","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-mediclinic-h1-profit-surges-shares-rise\/","title":{"rendered":"UPDATE 1- S.Africa&#8217;s Mediclinic H1 profit surges, shares rise"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Normalised headline EPS at 112.1 cents vs 77.2 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* S.Africa, UAE robust<\/p>\n<p><span><\/span><\/p>\n<p>* Interim dividend up 10 percent<\/p>\n<p> (Adds details, shares)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Nov 6 (Reuters) &#8211; South Africa&#8217;s biggest<br \/>\nprivate hospital group by value, Mediclinic International<br \/>\n, reported a 45 percent surge in first-half profit<br \/>\nhelped by a robust performance in its mainstay domestic market<br \/>\nand the United Arab Emirates.<\/p>\n<p><span><\/span><\/p>\n<p>Mediclinic, which also operates in Switzerland, said on<br \/>\nTuesday normalised headline earnings per share totalled 112.1<br \/>\ncents in the six months to end-September, compared with 77.2<br \/>\ncents a year earlier.<\/p>\n<p><span><\/span><\/p>\n<p>Headline EPS, the main profit measure in South Africa,<br \/>\nstrips out certain one-time items.<\/p>\n<p><span><\/span><\/p>\n<p>Shares in the company, which are up more than 50 percent so<br \/>\nfar this year, were 1.2 higher at 47.55 rand as of 1322 GMT,<br \/>\noutpacing rivals Life Healthcare, down 1.27 percent and<br \/>\na flat Netcare.<\/p>\n<p><span><\/span><\/p>\n<p>Demand for private healthcare is increasing in South Africa<br \/>\nas a fast-growing middle class take up medical insurance,<br \/>\nregulatory headwinds in Switzerland have weighed on the Cape<br \/>\nTown-based firm.<\/p>\n<p><span><\/span><\/p>\n<p>Mediclinic said more patients, often with serious<br \/>\nconditions, boosted the average income per bed in South Africa<br \/>\nand the UAE.<\/p>\n<p><span><\/span><\/p>\n<p>The company said revenue grew 12 percent to 11.7 billion<br \/>\nrand ($1.34 billion) with its Swiss business &#8211; the company<br \/>\nbiggest by sales &#8211;boosting sales by 9 percent, due to a weaker<br \/>\nrand currency against the Swiss franc.<\/p>\n<p><span><\/span><\/p>\n<p>It raised its interim dividend by 10 percent to 25.3 cents<br \/>\nper share and said it was optimistic about is operational<br \/>\nprospects for the 2013 fiscal year.<br \/>\n($1 = 8.7062 South African rand)<\/p>\n<p> (Reporting by Tiisetso Motsoeneng; Editing by David Dolan)<\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Normalised headline EPS at 112.1 cents vs 77.2 cents * S.Africa, UAE robust * Interim dividend up 10 percent (Adds details, shares) JOHANNESBURG, Nov 6 (Reuters) &#8211; South Africa&#8217;s biggest private hospital group by value, Mediclinic International , reported a 45 percent surge in first-half profit helped by a robust performance in its mainstay [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-16448","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=16448"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16448\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}