Diluted HEPS increased to 111.4cps (+11.5% y-y). Diluted adjusted HEPS increased to 112.0cps (+7.2% y-y).
Turnover growth of 6.3% y-y to R25.2bn.
Group GPM decreased by 20bps to 49.4%.
Total expenses grew by 3.5% y-y, with expenses-to-sales decreasing by 100bps to 39.1%.
OPM increased by 100bps to 12.5%.
Dividend of 70cps (FY23: 65cps).
Total full-week occupancies increased to 64.9% (FY23: 64.4%) – with acute hospitals’ occupancy at 64.3% (FY23: 63.5%) and mental health facilities’ at 70.3% (FY23: 72.7%).
Despite seasonal inconsistencies affecting volumes in 1H24, activity levels normalised in 2H24. This resulted in total PPD growth of 0.3% y-y.
Medical cases continue to grow at a faster rate than surgical cases, which remain impacted by sector trends of declining maternity cases and the outmigration of lower-margin day cases.
