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
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.