skip to content

Interim Results

GHG revenues jump

08 May 2017 07:30

Georgia Healthcare Group's first quarter net profits rose to GEL13.0m - up 8.4% on a year ago and up 11.9% on the previous quarter on a normalised basis.

Revenue of GEL186.6m was up 157.1% on a year ago and 37.2% up on the previous three months.

EBITDA rose to GEL25.1m - up 46.3% y-o-y, up 3.2% q-o-q.

Chief executive Nikoloz Gamkrelidze said: "Georgia Healthcare Group is in a significant business roll-out phase on a number of key strategic priorities and we continue to make strong progress in execution.

"Over the next few years in our healthcare services business, we aim to achieve one-third market share by hospital beds, invest to close existing medical service gaps, and deliver a rapid launch of ambulatory clinics in the highly fragmented and underpenetrated outpatient market.

"In pharma, our newest business area, we aim to achieve more than 30% market share by revenue whilst improving the EBITDA margin to more than 8%.

"During the first quarter of 2017, we have grown our operations in all areas of the Georgian healthcare ecosystem through a combination of organic growth and acquisitions, and I am pleased with our progress on each of the strategic priorities."

Story provided by StockMarketWire.com

Related Company: GHG

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

Bluezest Aviva Aberdeen

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.