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Cleopatra Hospitals’ vitals drive healthy profit and revenue

The Clap
Cleopatra Hospitals Group (CHG) achieved record revenue and profit driven by its core business.

What
CHG recently disclosed its financial results for the first 9 months of 2023. During this period, the group recorded a 29% growth in profits, reaching EGP 345 million.

So What

The consolidated financial statements reveal a 29% YoY increase in profits, amounting to EGP 344.97 million for the period between January to September 2023, compared to EGP 267.14 million for the same period in 2022
Revenues reached ~EGP 2.53 billion during the first nine months of this year, a significant rise from EGP 1.87 billion in the corresponding period of the previous year, according to consolidated financial results
Standalone results showed a rise in profits, with the company’s standalone operations earning EGP 195.26 million in the first nine months of 2023, compared to EGP 167.38 million in 2022

Now What

According to the group, the positive trajectory in patient volumes, revenue growth, and strategic investments in specialized centers and services positions Cleopatra Hospitals for continued success
The company has plans for further investments in its Centers of Excellence and anticipates sustained growth in the coming quarters