CLEOPATRA HOSPITAL COMPANY
CLHO
Financial ResultsPositive News
Cleopatra Hospitals Group Soars to EGP 204M Profit in Q1-24 Amid Revenue Surge
Cleopatra Hospitals Group reports a 92% YoY profit surge to EGP 204M in Q1-24, with revenues hitting EGP 1.18B and EPS doubling.
May 26, 2024 at 4:04:00 PMScore: 85
Cleopatra Hospitals Group (CLHO) delivered stellar financial results for Q1-2024, with consolidated net profit after tax soaring to EGP 204.62 million—a 92% year-over-year increase from EGP 106.58 million in Q1-2023. Revenues surged to EGP 1.18 billion, up 52% from EGP 776.85 million in the prior-year period. Earnings per share (EPS) climbed to EGP 0.13, compared to EGP 0.07 in Q1-2023. Standalone profits also jumped, hitting EGP 100.90 million (up from EGP 58.79 million), while standalone revenues rose 46% to EGP 463.66 million. Full-year 2023 consolidated net profit grew 32% to EGP 469.29 million.
Recommended Actions
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- Review debt levels and expansion plans
Positive Aspects
- 92% YoY profit growth
- 52% revenue increase
- EPS doubled to EGP 0.13
- Strong standalone financial performance
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