growth trajectory upwards, page-7

The pleasing aspect to the result was that it was prior to any impact from the MRI licenses, which come into effect on 1 November 2012.

Patersons have previously noted that “The Federal Government allocated CAJ five licenses for MRI services in June 2012. As a result, from 1 November 2012 CAJ will be eligible for Medicare benefits over MRI services. Previously, CAJ's patients were liable to cover the full cost of services. CAJ is thus better positioned to compete with larger players (MIA, Primary Healthcare and hospitals) in the MRI space. Licence structure plays into hands of larger players, CAJ included.”

Hopefully this translates into additional growth for CAJ over the next 8 months.