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Cleopatra Hospital Q3 profits hike 45%

Cleopatra Hospital Q3 profits hike 45%
Net profit amounted to EGP 31.98 million in Q3-17
Cleopatra Hospital
CLHO
-0.83% 7.21 -0.06

Cairo – Mubasher: Cleopatra Hospital Co on Monday reported a 44.9% year-on-year surge in consolidated profits for the third quarter of 2017 due to higher revenues.

Net profit amounted to EGP 31.98 million in the three-month ended September 2017, compared to EGP 22.06 million in the prior-year period, the company said in a filing to the Egyptian Exchange (EGX).

Revenues stood at EGP 293.2 million in Q3-17, up from EGP 213.14 million in Q3-16.

In the first nine months of 2017, profits rose to EGP 84.6 million from EGP 52.8 million in the corresponding period of 2016.

Meanwhile, standalone profits increased to EGP 62.9 million in the nine-month period of 2017, compared to EGP 28.4 million in the year-ago period.

Cleopatra Hospital had previously posted profits of EGP 23.6 million in the three-month period ended June 2017, up from EGP 8.3 million in the same period of 2016.