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Wednesday, 8 March 2017

NMC Health net profit up by 76.5% for 2016 | GulfNews.com

NMC Health net profit up by 76.5% for 2016 | GulfNews.com:

"NMC Health, the UAE health-care provider, posted a net profit of $151.4 million (Dh556 million) for 2016, an increase of 76.5 per cent over 2015, the company said in a statement on Tuesday. It said profit increased on strong revenues that totalled $1.22 billion in 2016 compared to $880.9 million in 2015, a jump of 38.6 per cent.
“NMC Health delivered record growth in 2016 as we began to reap the long-term rewards of several years of progress on the two stages of our growth strategy,” Dr BR Shetty, Chief Executive Officer and Executive Vice-Chairman of NMC, said in a statement.
In recent years NMC has expanded its asset and brand portfolio organically and inorganically into additional health-care services segments, extending their presence across the continuum of care. The company acquired Al Zahra Hospital in Sharjah from Gulf Medical Projects Company for Dh2.05 billion last year.
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