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FINANCIAL NEWS
UAE- NMC Health predicts to grow its earnings by 45 percent
21 Mar 2016
(MENAFN) NMC Health, the UAE-based health care producer, predicts earnings to grow by 45 percent this year as well as organic growth.
Moreover, the firm could also give loan and convertible bond markets to provide the near- USD 300mn it has available for acquisitions.
The company is taking advantage from substantial growth in the UAE health care sector as a growing population becomes more liable to lifestyle diseases.
Accordingly, the earnings before interest, tax, depreciation and amortization (EBITDA) are predicted to jump by 45 percent to USD 240mn.
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