Abu Dhabi – Mubasher: Burjeel Holdings generated net profits attributable to the owners amounting to AED 118.79 million in the first quarter (Q1) of 2023, compared to AED 82.16 million in Q1-22.
Revenues climbed by 11.60% year-on-year (YoY) to AED 1.08 billion during the January-March 2023 period, versus AED 972.01 million, according to the consolidated interim income statements.
The basic and diluted earnings per share (EPS) hit AED 0.02 in Q1-23, unchanged from Q1-22.
Meanwhile, the total assets stood at AED 4.75 billion in the first three months (3M) of 2023, up from AED 4.68 billion as of 31 December 2022.
John Sunil, CEO of Burjeel Holdings, said: “Burjeel Holdings delivered an impressive result for Q1-23, achieving strong growth both in top-line and bottom-line whilst making significant operational and strategic progress.
“Revenue increased by 11.60% year-on-year and net profit by 43.40% reflecting particularly strong growth at our flagship Burjeel Medical City hospital where revenue increased by 32.60% through strong growth in inpatient and outpatient footfall,” Sunil added.
The CEO noted: “We achieved a major milestone in our geographic expansion, and launched the Paley Middle East Clinic which provides world-class specialized orthopedic care for people with musculoskeletal conditions.”
In the first nine months (9M) of 2022, the ADX-listed firm recorded AED 189.97 million in net profit attributable to the shareholders, an annual rise from AED 121.92 million.
