CHG registers 9.2% YoY consolidated profit drop in 9 months
Updated 11/14/2022 1:59:00 PM
Arab Finance: Cleopatra Hospitals Group (CHG) (CLHO) posted a 9.16% year-on-year (YoY) decrease in consolidated profit attributable to the parent company during the first nine months of 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on November 14th.
Consolidated profit attributable to the parent company reached EGP 246.93 million in the January-September period, compared to EGP 271.84 million in the year-ago period.
Consolidated operating revenue rose slightly to EGP 1.902 billion in the nine-month period ended September 30th from EGP 1.900 billion in the same period a year earlier.
Meanwhile, the group recorded a standalone net profit after tax of EGP 168.38 million during the period from January 1st until September 30th, down from EGP 204.74 million in the comparative period of 2021.
Established in 2014, CHG expanded its geographical network in West Cairo to acquire two additional facilities, namely Nile Badrawi Hospital in 2015 and Al Shorouk Hospital in 2016.
