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FINANCIAL NEWS
UAE’s NMC Health net profit hits USD46.9m in H1
27 Aug 2015
(MENAFN) UAE-based healthcare provider NMC Health announced posting a 14.7 percent increase in adjusted net profit in the January-June period, driven by higher revenue from its local business.
The private-equity healthcare provider’s net profit amounted to USD46.9 million in the first six months of this year, marking a rise from USD40.9 million logged a year earlier, it said a statement.
Meanwhile, NMC’s revenue surged 25.3 percent to USD393.8 million compared with USD314.3 million a year ago. Healthcare revenue accounted for USD223.6 million in the first half, up 39 percent on-year.
The firm added that the profit excluded one-off acquisition costs and fees related to the early repayment of a loan, and included only the earnings impact of one of the four purchases it completed in the first half.
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