Mediclinic Falls Most in More Than Year: Johannesburg Mover

Mediclinic International Ltd. (MDC) declined the most in more than a year after earnings per share for the 12 months through March missed expectations.

Shares in South Africa’s second-largest publicly traded private hospital group by market value fell 3 percent to 37.40 rand at in the close in Johannesburg, the biggest decline since April 2011.

Diluted earnings per share adjusted for one-time items increased 6.4 percent to 187.5 cents from a year earlier, the company said in a statement today, missing the 211.5 cent median estimate of seven analysts surveyed by Bloomberg.

The hospitals in Berne, Switzerland, “have faced a number of challenges, but the worst is over and in the next six to 12 months should be sorted,” Mediclinic Switzerland Chief Executive Officer Ole Wiesinger said today in a telephone interview from Stellenbosch, South Africa.

Mediclinic’s net income climbed to 1.22 billion rand ($148 million) for 12 months through March 31 from 1.18 billion rand a year earlier, the company said in a statement today as sales rose 18 percent. Switzerland accounted for 46 percent of the company’s revenue in 2011, according compiled by Bloomberg.

To contact the reporter on this story: Janice Kew in Johannesburg at

To contact the editor responsible for this story: Antony Sguazzin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.