Arab Finance: Alexandria New Medical Center’s (Alex NMC) (AMES) posted a 69.8% year-on-year (YoY) decline in net profit after tax during the first nine months of 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on November 13th.
Net profit after tax reached EGP 10.58 million in the nine-month period ended September 30th, compared to EGP 35.07 million in the year-ago period.
The company’s operating revenue fell to EGP 197.07 million in the January-September period from EGP 199.23 million in the same period a year earlier.
Alex NMC is an Egypt-based public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields.
The company focuses on hospital operations, which consists of a range of medical specializations, including gynecology, general surgery, and pediatrics, among others.