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Afrocentric Investment Corporation Limited Company Snapshot
AfroCentric Investment Corporation Limited is a black-owned investment holding company with an investment portfolio focused on services to the healthcare sector. The Company seeks to invest in healthcare related businesses that demonstrate prospects for growth, as well as diversify its revenue sources, while contributing to the sustainable health and welfare of South African communities. Its businesses include ACT Healthcare Assets and AfroCentric Health. Through its operating subsidiaries, the Company provides health administration and health risk management solutions to the healthcare industry. The Company also provides a range of complementary services to its traditional medical scheme clients and a portfolio of healthcare-related enterprises. These services include information technology (IT) solutions; transactional switching; specialized disease management; back, neck and shoulder treatment; pharmaceutical wholesaling, and pharmaceutical courier distribution services.

Sales Analysis. During the year ended June of 2016, sales at Afrocentric Investment Corporation Limited were 3.15 billion South African Rands (US$227.55 million). This is an increase of 50.0% versus 2015, when the company's sales were 2.10 billion South African Rands. This was the fifth consecutive year of sales increases at Afrocentric Investment Corporation Limited (and since 2011, sales have increased a total of 133%). Sales of Information Technology saw an increase of 24.4% in 2016, from 401.45 million South African Rands to 499.41 million South African Rands. Not all segments of Afrocentric Investment Corporation Limited experienced an increase in sales in 2016: sales of Healthcare Administration fell 0.2% to 2.07 billion South African Rands.
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Afrocentric Investment Corporation Limited
  Stock Performance Chart for Afrocentric Investment Corporation Limited
  Stock Data: Recent Stock Performance:
  Current Price (10/21/2016): 5.70
(Figures in South African Rands)
1 Week 1.2%   13 Weeks 3.8%  
4 Weeks 10.7%   52 Weeks 22.6%  
Afrocentric Investment Corporation Limited Key Data:
  Ticker: ACT Country: South Africa
  Exchanges: JNB Major Industry: Health Care Equipment & Services
    Sub Industry: Offices Of Medical Practitioners
  2016 Sales 3,148,146,000
(Year Ending Jan 2017).
Employees: 2,426
  Currency: South African Rands Market Cap: 3,139,894,721
  Fiscal Yr Ends: June Shares Outstanding: 550,858,723
  Share Type: Ordinary Closely Held Shares: 392,537,980
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