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Cleopatra Hospital posts higher Q3 earnings

Cleopatra Hospital posts higher Q3 earnings
the company recorded EGP 28.5 million unconsolidated earnings in9M - Photo Credit: Company's Website
Cleopatra Hospital
CLHO
1.96% 6.24 0.12

Cairo – Mubasher: Cleopatra Hospital earned EGP 22.1 million during the third quarter of 2016, higher 31.9% year-on-year from EGP 16.7 million, taking minority rights into consideration, the consolidated results revealed.

Over the first nine months, consolidated earnings increased by 13.4% year-on-year to EGP 52.8 million from EGP 46.6 million.

Meanwhile, the standalone results showed that Q3 net earnings reached EGP 14.7 million, down 11.7% year-over-year from EGP 16.7 million.

On a nine-month level, the company recorded EGP 28.5 million unconsolidated earnings, compared with EGP 46.6 million for the year-ago period.

On Thursday, the stock quote steadied at EGP 12.62 per share.