Full Year Results to 31 March 2018

Multi-disciplinary primary health care provider Green Cross Health (NZX: GXH) today reported Net Profit after Tax attributable to shareholders of $16.8m for the year ended 31 March 2018 compared with $19.6m in the prior year. This includes a one-off increase in unfunded Leave Liability in 2018 of $1.9m (due to the implementation of pay equity legislation) and a one-off Fair Value Gain in 2017 of $2.8m. Underlying Net Profit after Tax attributable to shareholders, which removes one-off items, improved 10.9% to $18.7m* on a 7.2% increase in Group Revenue to $523m, as the Group continued to implement a sustainable strategy for growth in the New Zealand primary health care sector. Net Cash Flows from Operating Activities of $33.2m were up $3.3m on last year and have been applied to new acquisitions, capital investment, dividends and debt reduction. Net borrowings reduced from $47.3m to $38.5m at balance date. The Directors have resolved to pay a fully imputed final dividend of 3.5 cents per share to shareholders on the register at 5pm on 15 June 2018. The dividend is consistent with the prior year, and will be paid on 29 June 2018. This takes the full year dividend to 7 cents per share. The Dividend Reinvestment Plan will not be operative for this dividend payment. * Underlying Net Profit after Tax attributable to shareholders excludes a one-off increase in unfunded Leave Liability in 2018 of $1.94m (due to the implementation of pay equity legislation) and a one-off Fair Value Gain in 2017 of $2.76m. We consider the reporting of underlying profit provides the reader with a better understanding of the Company's operating performance and future profitability. Please refer to the attached for further information. End CA:00318677 For:GXH Type:FLLYR Time:2018-05-30 08:58:22