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Annual Results

Al Noor Hospitals underlying net profits up

30 March 2015 08:18

Al Noor Hospitals reports strong results following a year of active growth and development.

Revenues for the year to the end of December were up 23% at $449.1m; underlying operating profit increased by 13.8% to $85.4m and underlying net profit rose to $84.6m - up 18.3%. Total dividends of 12.7p per share are up 32.0%.

Chief executive Ronald Lavater said: "Al Noor's financial performance continues to be strong and we achieved good growth during 2014. This growth was driven predominantly by our increased outpatient capacity, the expansion of our network of medical centres and the impact of medical centre acquisitions. This, combined with our internationally recognised standards of quality care and patient safety, continues to position Al Noor as the market leader.

"I am confident that with our continued focus on expanding our high-quality services to meet the needs of our patients and the communities we serve, we will also meet the expectations of our shareholders. I am very excited to lead Al Noor during such an important time and work with our excellent management team as we continue to provide the highest levels of healthcare."

At 8:18am: (LON:ANH) Al Noor Hospitals Group PLC share price was -13.5p at 1064.5p

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