(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.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.