Wednesday, April 17, 2024

Emirates News Agency – 43.4% growth in profit of “Barjeel” Holding in the first quarter

Date:

ABU DHABI, 9th May, 2020 (WAM) — “Barjeel” Holding announced that it achieved a net profit of 121.3 million dirhams, an increase of 43.4 percent year-on-year in the first quarter of this year, indicating an improvement. In the group’s operational efficiency and strategic shift towards specialized and enhanced services.
The company said in a statement today that revenue was 1.1 billion dirhams, up 11.6 percent year-on-year, driven by strong growth of 32.6 percent in the Burjeel Medical City business, while earnings before interest, tax, depreciation and amortization. And debt was 241.6 million dirhams, up 13.4 percent year-on-year, with EBITDA margin stable at 22.3 percent.
Outpatient and inpatient numbers saw a strong increase of 16.5% and 26.9% respectively, mainly due to the Group’s investment in new specialties and improved utilization of assets.
Barjeel Medical City continued to achieve strong results with an increase in inpatient and outpatient numbers, leading to a 32.6 percent growth in its revenue. Around 1.4 times at the end of the period, reflecting a reduction in debt from the previous quarter.
“In the first quarter of 2023, Burjeel Holding achieved profit growth with strong net income and significant operational and strategic progress. Revenue grew by 11.6 percent and net profit by 43.4 percent year-on-year. At the leading Burjeel Medical City Hospital, 32.6 percent of revenue thanks to high number of outpatients and inpatients. An increase was reached.
Burjeel Holding has strong positive future aspirations supported by its business model, world-class facilities and strategies to maximize asset utilization and improve patient returns. To achieve significant growth with limited capital requirements.

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Awad Mukhtar / Rami Sami / Abdel Nasser Monem

Nadia Barnett
Nadia Barnett
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