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Nozha International Hospital’s profit soars 43% in 9M on higher revenue

Nozha International Hospital’s profit soars 43% in 9M on higher revenue
The company’s activity revenues surged to EGP 158.2 million

Cairo – Mubasher: The financial statements of Nozha International Hospital showed a 43% year-on-year profit rise during the first nine months of 2019.

Net profits stood at EGP 44 million in the nine-month period ended 30 September, compared to EGP 30.8 million in the corresponding period a year earlier, the company said in a statement to the Egyptian Exchange (EGX) on Wednesday.

The company’s activity revenues surged to EGP 158.2 million at the end of September from EGP 138.3 million in the prior-year period.

As for the third quarter of 2019, Nozha International Hospital logged a net profit of EGP 16.27 million, up from EGP 11.56 million in Q3-18.

Over the first six months of 2019, the EGX-listed firm’s net profits grew to EGP 27.8 million from EGP 19.24 million in H1-18.