Georgia Healthcare profits up 10% in H1 on higher revenues
Source - SMW
Georgia Healthcare Group posted a rise in half-yearly profit as revenues increased 12.7%.
Net profit rose to GEL 31.3m in the first half of the year, up 10.2% on last year, as revenues climbed 12.7% to GEL 472.9m.
The company, however, had to absorb the impact of the weakening Lari in first half of the year.
'We made strong progress in both revenues and bed utilisation in our two flagship hospitals, as they execute their utilisation programmes,' the company said. 'The roll-out and patient number growth in our polyclinic network also continues to deliver a strong revenue uplift. Further sales growth in pharmacy business drove continued EBITDA margin expansion and earnings growth.'
At 9:28am: (LON:GHG) Georgia Healthcare Group Plc share price was -8.5p at 226.5p