Cairo – Mubasher: Cleopatra Hospital Co on Sunday reports a 32% year-on-year hike in consolidated profits for 2017.

Net profit amounted to EGP 118.2 million last year, up from EGP 89.4 million a year earlier, the company highlighted in a filing to the Egyptian Exchange (EGX).

Revenues surged 30% year-on-year to EGP 1.12 billion in 2017, compared to revenues of EGP 864.4 million in the year before.

The EGX-listed company added that consolidated profits increased despite the huge pressures that affected expenses during 2017.

The 2017 financial results reflect the growth in clients’ base, diversification of provided activities and services, and the strength of operating sufficiency, in line with high prices to keep up with the current economic challenges, the Egypt-based firm said.