Alex NMC posts profit of EGP 12.3M

Updated 6/13/2021 1:26:00 PM

ArabFinanceAlexandria New Medical Center (Alex NMC) posted a net profit of EGP 12.307 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 138% when compared to EGP 5.167 million in Q1 2020.

Alex NMC’s board of directors approved the capital increase by EGP 10.381 million distributed on 1.298 million shares.

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 the operation of a hospital, which consists of a range of medical specializations, including gynaecology, general surgery, and paediatrics, among others.