ABU DHABI Aug 12 Al Noor Hospitals
reported a 79 percent jump in first-half net profit, as the
United Arab Emirates healthcare firm treated more out-patients.
Net profit rose to $44.5 million on revenue up 25 percent to
$224.8 million, the company said on Tuesday.
Al Noor added 31 physicians during the first six months
which enabled the group to treat more patients who did not need
an overnight stay in hospital, out-going Chief Executive Kassem
Alom said in a statement. Outpatient volumes rose 20 percent
from the previous year.
Alom said the London-listed company expects to meet its
target of an additional 70-80 physicians in 2014.
"We remain on track to deliver strong growth through our
physician hiring programme and the opening of three medical
centres," Alom said.
Alom will be replaced by Ronald Lavater later this year,
the company announced last week.
The board proposed an interim dividend of 3.7 pence per
share, to be paid on Oct. 10, its first half-yearly payout to
Al Noor says it has the biggest market share among private
health-care services providers in Abu Dhabi, capital of the UAE,
for both outpatients and inpatients.
(Reporting By Stanley Carvalho; Editing by Praveen Menon and