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Last 499.00
Change Today +6.00 / 1.22%
Volume 141.0K
ACT On Other Exchanges
As of 11:34 AM 10/6/15 All times are local (Market data is delayed by at least 15 minutes).

afrocentric investment corpo (ACT) Snapshot

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Day High
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52 Week High
04/30/15 - $650.00
52 Week Low
08/26/15 - $452.00
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Average Volume 10 Days
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afrocentric investment corpo (ACT) Details

AfroCentric Investment Corporation Limited, an investment holding company, operates in healthcare fund management sector in South Africa. The company offers medical scheme administration products and services, including claims assessing, broker management and commissions, national branch network, healthcare provider administration, scheme contribution collections, member query management, and fund management services. It also provides health risk management services, such as hospital benefit management, medicine benefit management, disease management, network management, dental benefit management, and scheme management support services. In addition, the company offers and licenses ICT solutions, including Nexus and UMS, an integrated health administration and managed care system, as well as provides network support and Website hosting services; and provides a platform for critical patient information management. Further, it provides solutions for the management of HIV/AIDS treatments for medical aids and corporate clients. Additionally, the company offers various services to health insurance companies, including medical coding of claims, data transcription, claim adjudication, call center, network management, software development and support, and pre-authorization and guarantee of payment for inpatient claims; and financing services. AfroCentric Investment Corporation Limited was founded in 2006 and is headquartered in Roodepoort, South Africa.

Founded in 2006

afrocentric investment corpo (ACT) Top Compensated Officers

Group Chief Executive Officer and Executive D...
Total Annual Compensation: R4.5M
Chief Executive Officer of Medscheme Holdings
Total Annual Compensation: R3.1M
Compensation as of Fiscal Year 2014.

afrocentric investment corpo (ACT) Key Developments

Afrocentric Investment Corp. Announces Audited Consolidated Earnings Results for the Year Ended June 30, 2015; Declares Final Dividend for the Year Ended 30 June 2015, Payable on 26 October 2015

Afrocentric Investment Corp. announced audited consolidated earnings results for the year ended June 30, 2015. For the year, the company reported net period for the period of ZAR 154,785,000 against ZAR 153,823,000 a year ago. Net cash inflow in operating activities was ZAR 177,395,000 against ZAR 168,685,000 a year ago. Revenue was ZAR 2,098,312,000 against ZAR 1,958,260,000 a year ago. Profit before income tax was ZAR 279,358,000 against ZAR 246,436,000 a year ago. Total comprehensive for the year attributable to equity holders of the parent was ZAR 154,785,000 or 33.08 cents diluted per share against ZAR 153,823,000 or 40 cents diluted per share for the same period a year ago. Headline earnings were ZAR 179,774,000 or 38.43 cents diluted per share against ZAR 183,945,000 or 47.83 diluted per share for the same period a year ago. Diluted cash earnings per share were 84.85 cents compared to 83.48 cents a year ago. The Board of Directors of company announced that a final dividend of 10 cents per ordinary share (gross) has been declared for the year ended 30 June 2015. Dividends are subject to dividends withholding tax. The net cash dividend amount is therefore 8.5 cents per ordinary share. Shares commence trading ex-dividend is 19 October 2015. Dividend record date is 23 October 2015. Dividend payment date is 26 October 2015.

Afrocentric Investment Corporation Limited Revises Earnings Guidance for the Year Ended June 30, 2015

Afrocentric Investment Corporation Limited revised earnings guidance for the year ended June 30, 2015. Afrocentric shareholders are referred to the trading statement announcement published on September 10, 2015. Due to reclassification in the determination of Headline and Diluted headline earnings for the year ended June 30, 2015, the expected decline in Headline earnings and Diluted headline earnings per share, now falls between 16.4% and 20.6% (previously reported as a decline of between 23% and 27% in the trading statement). The company now expects basic and diluted earnings per share of 32.00 cents to 34.00 cents and basic and diluted head line earnings per share of 38.00 cents to 40.00 cents.

Afrocentric Investment Corp. to Report Fiscal Year 2015 Results on Sep 23, 2015

Afrocentric Investment Corp. announced that they will report fiscal year 2015 results on Sep 23, 2015


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