For the first half of the current year, which ends on June 30, 2024, Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported a 10.4% increase in revenue to Dhs 2.4 billion.
The group said today that outpatient and inpatient revenue increased by Dhs 137 million and Dhs 82 million, respectively.
Excluding one-time charges, group earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose by 2.2% to Dhs 477 million, notwithstanding higher direct expenses from ongoing investments in oncology to enhance earnings due to increasing patient uptake in the future. This was despite increased direct costs brought on by ongoing investments in oncology to increase earnings from patient demand in the future.
The Group’s revenue growth and decreased financing and amortisation expenses led to a 5.9% increase in net profit, ex-one-offs and taxes, to Dhs 238 million.
Burjeel Holdings increased the scope and volume of medical services provided, accelerating outpatient visits. Burjeel Medical City, LLH Salalah, Burjeel Day Surgery Centre Al Reem, and Burjeel Royal Hospital Al Ain were the main drivers of the growth in outpatient foot traffic.
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