CLEOPATRA HOSPITAL COMPANY
CLHO
Financial ResultsPositive News
Cleopatra Hospitals Group Soars to EGP 470M Profit in 2023, Dividends Approved
Cleopatra Hospitals Group reports a 31.5% profit surge to EGP 470M in 2023 with revenue growth and approved dividends.
March 17, 2024 at 12:49:00 PMScore: 90
Cleopatra Hospitals Group achieved a consolidated net profit of EGP 469.29 million in 2023, marking a 31.5% increase from EGP 356.73 million in 2022. Annual revenues jumped to EGP 3.59 billion, up from EGP 2.58 billion, driven by operational growth. Earnings per share (EPS) climbed to EGP 0.22 from EGP 0.17. Standalone profits rose to EGP 273.72 million, with revenues hitting EGP 1.43 billion. The board approved 2023 cash dividends, though the amount remains undisclosed. The company also reported a 29.4% surge in 9M 2023 consolidated net profit to EGP 344.97 million.
Recommended Actions
- Hold shares for dividend payout clarity
- Monitor EPS trends for sustainable growth
- Consider buying on dips if healthcare sector outlook remains positive
- Compare valuation multiples with regional healthcare peers
- Watch for capital allocation updates from management
Positive Aspects
- 31.5% net profit growth
- 40% revenue surge
- EPS improvement
- Dividend approval
- Consistent standalone performance
Negative Aspects
- Lack of dividend payout details
- Potential overvaluation concerns if growth slows
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