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UAE’s NMC net profit up 15.7 percent in 2013

01 Mar 2014

(MENAFN) UAE”s NMC Healthcare said that its revenue surged 12.4 percent last year to reach USD550.9 million, while net profit increased 15.7 percent to USD69.1 million, Arabian Business reported.

NMC”s patients went up 9.5 percent to 2.1 million. Revenue per patient from healthcare services increased 5.6 percent to USD111.60.

The group recently announced that it will add two new hospitals and a medical centre to its portfolio of assets this year.

The company said: “The Emirate of Dubai’s decision in late 2013 to begin rolling-out mandatory healthcare insurance for all its residents is very positive for both business divisions, as the Dubai Health Authority (DHA) estimates around 66 percent of the Emirate’s residents are without healthcare insurance.”

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