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NMC Health - Khalifa City hospital on track to open in H1 ‘15

October 2014

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • NMC
  • Price:
  • 459p
The shares soared back towards £5 after interims  came in ahead of expectations with revenues and EBITDA rising 15% and 13% respectively to £314m and £52m (Numis had forecast US$293m and US$48.3m). Eps rose 27% to 22 cents.Within the Healthcare division, which comprises four hospitals in the UAE, revenue and EBITDA grew 12% to US$161m and US$45.4m driven by rising patient volumes in its Dubai, Al Ain and Sharjah facilities, which increased occupancy a massive 6.5% to 70.1% in spite of the addition of 16 beds taking the total to 277. 39 new doctors were added in H1, leaving the group with 542. Interestingly Dubai volumes increased 13% even without any increased demand from the mandatory health insurance adoption, which mana ...

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