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AfroCentric Investment Corp Ltd 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 2019, sales at AfroCentric Investment Corp Ltd were 5.30 billion South African Rands (US$355.20 million). This is an increase of 25.7% versus 2018, when the company's sales were 4.21 billion South African Rands. This was the fifth consecutive year of sales increases at AfroCentric Investment Corp Ltd (and since 2014, sales have increased a total of 170%). Sales of Healthcare Retail saw an increase that was more than double the company's growth rate: sales were up 65.6% in 2019, from 1.23 billion South African Rands to 2.04 billion South African Rands.
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AfroCentric Investment Corp Ltd
  Stock Performance Chart for AfroCentric Investment Corp Ltd
  Stock Data: Recent Stock Performance:
  Current Price (11/15/2019): 3.60
(Figures in South African Rands)
1 Week 5.9%   13 Weeks 9.1%  
4 Weeks -4.0%   52 Weeks -29.4%  
AfroCentric Investment Corp Ltd Key Data:
  Ticker: ACT Country: South Africa
  Exchanges: JNB Major Industry: Health Care Equipment & Services
    Sub Industry: Offices Of Medical Practitioners
  2019 Sales 5,296,792,000
(Year Ending Jan 2020).
Employees: 6,281
  Currency: South African Rands Market Cap: 2,060,068,496
  Fiscal Yr Ends: June Shares Outstanding: 572,241,249
  Share Type: Ordinary Closely Held Shares: 538,867,559
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