FINANCIAL NEWS

Egypt’s Cleopatra Hospital Group hits EGP261.8mn revenues

23 Aug 2017

(MENAFN) Cleopatra Hospital Group, one of Egypt’s major private hospital groups in terms of the number of hospital beds achieved 29 percent year on year increase in its revenues, projected at EGP261.8mn.

Meanwhile, the strong increase in revenues came despite the weaker month of Ramadan falling in June, while the enhanced cost efficiency and higher interest income were the main drivers of net income.

Additionally, revenues of the group posted EGP523.9mn in the Jan-June period of the year, growing by 27 percent year on year, whereas net profit posted a 71 percent increase.

The improvement of the group helped customers adapt to its new pricing, as issued a press release by the group.

MENAFN2308201700450000ID1095761439

MENAFN2308201700450000ID1095761439

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