Discovery Group results for the year to 30 June 2026 show normalised profit from operations up 17% to R17.75bn. This growth was driven by its South African businesses and the international Vitality operations. The group also lifted its final ordinary dividend 36% to 273 cents per share. Headline earnings rose 34% and normalised headline earnings 21%. Meanwhile, normalised return on…
Tag: financial results
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Discovery’s headline earnings set to rise
Discovery expects its headline earnings to increase by 31% to 36% for the year to end-June, driven by growth in its South African operations and Vitality business. The financial services group said it delivered robust results during the year. The group expects its normalised operating profit to increase by 15% to 20%. The group forecasts 13% to 18% growth for…
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Momentum Bonitas Deal Impacts Medical Aid Landscape
Momentum’s latest results point to a group that is gaining confidence in a tough insurance market. The standout move is operational, not financial. The Momentum Bonitas Deal means that, from June, Momentum will become the administrator of Bonitas, South Africa’s second-largest open medical aid scheme. It is described as the biggest medical scheme transfer in the country to date. This…
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AfroCentric Results Show Revenue Surged Significantly
AfroCentric Investment Corporation has released its financial results for the year ending December. The JSE-listed healthcare giant reported a massive spike in revenue. However, the group also faced a significant basic loss. This was primarily due to heavy asset impairments and strategic business disposals. Massive Revenue Growth For AfroCentric The group’s continuing operations showed exceptional top-line growth. Total revenue climbed…
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Discovery Vitality Results Show Surge In Global Profitability
Discovery has reported a significant boost in its latest financial period. The group’s strategy to unify its Vitality composite onto a single platform is yielding impressive returns. These Discovery Vitality results highlight a 41% increase in normalised profit for the composite. This figure reached R2.1 billion for the six months ending December. In a strategic move during 2024, the Discovery…
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Discovery’s Interim Results Highlight Strong Growth
Discovery has announced a significant surge in its financial performance for the first half of the year. The group expects headline earnings to rise by nearly a third. Discovery’s interim results follow a period of robust operational success across its various divisions. The South African-based financial services giant released a trading statement covering the six months ending 31 December. The…
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Life Healthcare Digital Strategy: Human Care Remains Key
As the global medical sector races toward automation and artificial intelligence, the head of one of South Africa’s largest private hospital groups has issued a poignant reminder. Technology cannot replace the nurse at the bedside. However, a well-defined Life Healthcare digital strategy aims to integrate technology without losing the human touch. Peter Wharton-Hood, CEO of Life Healthcare, emphasised this philosophy…
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Clicks Eyes Pharmacy Expansion and Earnings Growth
Clicks has reported a robust 13.7% increase in full-year headline earnings. These earnings grew to R3.2 billion for the year ended August from R2.8 billion a year ago. The strong performance was underpinned by a significant expansion of its retail and pharmacy footprint. As Clicks eyes further pharmacy expansion, it is pushing its total store base to more than 990…
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Discovery Group’s Strong Growth Delivers 30% Profit Surge
Discovery Group has reported a robust financial performance for the year ending in June. It showcased the Discovery Group’s strong growth with a 30% increase in headline earnings to R9.6 billion. A key milestone in the results was Discovery Bank achieving its first profitable period in the second half of the year. This was a significant achievement reached ahead of…
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Discovery Profit Surge Indicates Strong Growth Ahead
Financial services giant Discovery Group has signalled a significant increase in profits for the year to end-June. Its banking division reached a significant profitability milestone after years of investment. This achievement contributes to the Discovery Profit Surge. In a trading statement released ahead of its full-year results, the group announced it expects a robust performance across all its business units.…
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Adcock Ingram Reports Flat Profit Despite Winter Surge
Pharmaceutical giant Adcock Ingram has announced flat annual profits despite a significant recovery in the second half of its financial year. This was buoyed by strong demand for its popular over-the-counter winter medicines. In a landmark move, the maker of household staples like Panado and Corenza-C is also set to delist from the Johannesburg Stock Exchange (JSE). This follows a…
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Life Healthcare Reports Robust Half-Year Performance
Life Healthcare Group Holdings Ltd has announced a robust operating performance for the first half of its financial year. The company showcased significant growth driven by strong patient activity. Also, the benefits reaped from strategic acquisitions completed in the latter half of 2024 contributed. For the six months ended March, the diversified healthcare provider reported an 8.1% increase in revenue,…