Cleopatra Hospital Company’s consolidated profits down 16% YoY in 2022

Updated 3/19/2023 11:14:00 AM
Cleopatra Hospital Company’s consolidated profits down 16% YoY in 2022

Arab Finance: Cleopatra Hospital Company’s consolidated net profits attributable to the parent company dropped 15.9% year on year (YoY) to EGP 325.76 million in 2022, compared to EGP 387.25 million, according to the financial statements sent to the EGX on March 19th.

In 2022, revenues inched up 2.6% YoY to EGP 2.61 billion from EGP 2.55 billion.

Meanwhile, the firm earned EGP 217.25 million in standalone net profits after tax in 2022, down 25.7% from EGP 292.37 million in the previous year.

Standalone revenues fell 9.6% YoY to EGP 1.09 billion last year from EGP 1.21 billion.

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