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FINANCIAL NEWS
NMC Health profits up 27 percent in H1
23 Aug 2014
(MENAFN) NMC Health, the United Arab Emirates healthcare provider, boosted first-half profit by nearly 27 percent, led by higher occupancy across its hospitals, The Peninsula Qatar reported.
The company, which operates general and specialist hospitals, pharmacies and medical centers, made a net profit of USD40.9 million in the first six months of the year compared to USD32.3 million a year ago.
Revenues were up 15 percent, reaching USD314.3 million, with healthcare revenue accounting for USD161 million, the company said in its first-half figures.
“With our home market economy still growing strongly, I view the remainder of 2014 with confidence and look forward to the addition of new assets to our portfolio,” NMC Chief Executive said in a statement.
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