Research
The content listed is not for investment, financial, accounting or tax advice and is provided for informational purposes only.
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AfroCentric Investment Corporation FY 24A Insights
Key message: The 2024 results highlighted strong cash flow generation as a major positive. The Admin business experienced significant membership growth, although servicing costs continue to pose challenges. Meanwhile, profitability in the Healthcare Retail segment remains under pressure.
KAP – FY24 Results
Key message: Cautious outlook from management with 3-4 year restructuring and stabilisation plan after recent high capex spend.
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AfroCentric Investment Corporation: FY 24e Trading Update
Key message: Afrocentric Corporation (ACT) released a trading statement ahead of their FY 24e results, signaling a mixed performance across different segments. The company expects a significant drop in EPS by -83% to -73% YoY, mainly due to impairments totaling R230 million on goodwill related to its pharmaceutical cluster. However, HEPS is projected to improve by 6% to 16% YoY.