Al Noor in good health following public listing - The National:
"Profits at Al Noor Hospitals Group rose 11.6 per cent in the first half of the year as the healthcare company that went public two months ago used cash it raised in its initial public offering to repay outstanding loans.
“After listing on the London Stock Exchange in June, raising primary proceeds of US$150 million, the Abu Dhabi-based company repaid all outstanding loans,” Al Noor Hospitals said yesterday. The company’s net cash position at the end of the period was $88m.
Earnings before interest, taxes depreciation and amortization rose to $41.3m in the first half, an 11.6 per cent rise from a year earlier. Al Noor’s shares traded 3.1 per cent higher to £7.32 in mid-morning trading in London following the release of the financial results."
'via Blog this'
No comments:
Post a Comment