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Interim Results 2017.pdf

16056_LENMED_Interim_results_Book_proof_6A.pdf
Preview of Interim Results 2017
🔗 Source: lenmed.co.za
📊 Size: 407 KB
📄 Pages: 9 pages
⬇️ Downloads: 63

Summary

Lenmed's unaudited interim results for the six months ended 31 August 2017 show a 35% increase in Group Revenue to R1 099.5 million and a 50% increase in normalised EBITDA to R217.5 million. The EBITDA margin improved to 20% from 18% in the prior year. The Group's hospitals, including Randfontein and Zamokuhle private hospitals, reported improved performance in both revenue and normalised EBITDA. The recently expanded Zamokuhle Private Hospital performed above expectations, and the new Royal Hospital and Heart Centre in Kimberley showed encouraging patient occupancies in its first full month of trading. Net interest expense increased to R31.7 million due to increased borrowings, and the Group's property, plant, and equipment increased in value to R2 763 million. The Group expects real growth in operational earnings, but at a slower rate than the first half, due to the seasonal nature of the industry.

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Lenmed's unaudited interim results for the six months ended 31 August 2017 show a 35% increase in Group Revenue to R1 099.5 million and a 50% increase in...

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  • File Format: PDF
  • File Size: 407 KB
  • Pages: 9
  • Language: EN
  • Total Downloads: 63
  • Last Updated: 4 hours ago

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