Cairo – Mubasher: The consolidated financial statements of Cleopatra Hospitals Group reported net profits of EGP 87.95 million in the first quarter of 2020, 59.5% higher than EGP 55.14 million in the year-ago period.
The company’s revenues increased to EGP 502.88 million in the three-month period ended on 31 March from EGP 415.97 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.
As for standalone business, the company’s net profits rose to EGP 58.74 million in Q1-20 from EGP 45.05 million in Q1-19.
It is worth mentioning that during 2019, the company posted net profits of EGP 265.35 million, down from EGP 315.19 million in 2018, including minority shareholders’ rights.
