Hospital group NMC logs profit jump on growing Gulf healthcare market

Hospital group NMC logs profit jump on growing Gulf healthcare market:

"NMC Health, the private healthcare operator headquartered in the United Arab Emirates, has reported strong profit growth for 2017 on the back of an expanding healthcare market in the Gulf.  Its healthcare revenues jumped 41.1 per cent last year with patient numbers reaching 5.8m thanks to a growing and increasingly affluent population in the UAE and wider region. NMC’s net profit rose 38.2 per cent to $209.2m, while overall revenues climbed to $1.6bn from $1.22bn. The results were in-line with the expectations of analysts polled by FactSet. However, the shares were down 4.5 per cent in mid-day trade in London. Despite the fall, its shares are still up 80.3 per cent over the past 12 months."



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