Alex NMC posts 0.97% YoY higher profits in Q1

Updated 5/31/2022 4:04:00 PM

Arab Finance: Alexandria New Medical Center’s (Alex NMC) (AMES) net profits edged up by 0.97% year-on-year (YoY) during the first quarter (Q1) of 2022, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on May 31st.

The company recorded a net profit of EGP 12.42 million in Q1 2022, compared to a profit of EGP 12.30 million in Q1 2021.

Operating revenues amounted to EGP 66.38 million in Q1 2022, rising from EGP 63.76 million in the same quarter last year.

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 hospital opertaions, which consists of a range of medical specializations, including gynecology, general surgery, and pediatrics, among others.