Alex NMC profit skyrockets in H1 2021

Updated 8/15/2021 2:02:24 PM

ArabFinanceAlexandria New Medical Center (Alex NMC) posted a net profit of EGP 27.703 million in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 456% when compared to EGP 4.982 million in H1 2020.

The Financial Regulatory Authority said Emirates Advanced Investments bid to acquire 100% of Alex NMC.

Alex NMC is an Egypt-based public shareholding company engaged in the provision of medical diagnostic and treatment services in various medical fields.

The company focuses on the operation of a hospital, which consists of a range of medical specializations, including gynaecology, general surgery, and paediatrics, among others.