Cairo – Mubasher: Nozha International Hospital's profits rose 31% year-on-year in the fourth quarter of 2016 to EGP 8.95 million from EGP 6.83 million.
Over twelve months, net profits increased by 45.5% year-on-year to EGP 32.35 million from EGP 22.23 million, according to a bourse filing on Sunday.
Revenues in 2016 hiked by 18% to EGP 144.7 million, compared to EGP 122.7 million for the year-ago period.
In a separate filing, the company stated that all its transactions are concluded in Egyptian pounds, and that the changes in the exchange rate had no impact on the company's business results.
The stock ended at EGP 76 on Thursday, adding 1.33%.
