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Cleopatra Hospital consolidated profits up 30% in 2016

Cleopatra Hospital consolidated profits up 30% in 2016
(Photo credit: Company's website)
Cleopatra Hospital
CLHO
-2.91% 6.33 -0.19

Cairo – Mubasher: Cleopatra Hospital Company said Sunday that its consolidated profits for fiscal year 2016 increased 30% to EGP 89.4 million from EGP 68.8 million for FY015.

Consolidated revenues rose in 2016 by 110% to EGP 864.4 million, compared to EGP 411.5 million for FY15, according to a bourse filing.

Standalone profits for FY16, however, declined 27.5% to EGP 46.8 million from EGP 64.6 million for FY15.

The stock rose on Thursday by 3.55% to EGP 15.16.