{"id":555645,"date":"2021-11-22T04:06:44","date_gmt":"2021-11-22T04:06:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/cleopatra-hospitals-posts-another-strong-earnings-showing\/"},"modified":"2021-11-22T04:06:44","modified_gmt":"2021-11-22T04:06:44","slug":"cleopatra-hospitals-posts-another-strong-earnings-showing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/cleopatra-hospitals-posts-another-strong-earnings-showing\/","title":{"rendered":"Cleopatra Hospitals posts another strong earnings showing"},"content":{"rendered":"

<\/a> Cleopatra Hospitals Group (CHG) sees sustained growth in 3Q2021:<\/strong> Cleopatra Hospitals Group\u2019s (CHG) net earnings grew 8% y-o-y to EGP 86.1 mn in 3Q2021, according to the company\u2019s latest earnings release (pdf)<\/a>. This came on the back of 16% growth in revenues to EGP 623.8 mn.<\/p>\n

On a nine-month basis:<\/strong> CHG\u2019s net income grew 58% to EGP 288.1 mn on revenues of EGP 1.90 bn, up 38% y-o-y.<\/p>\n

This time last year:<\/strong> CHG reported (pdf)<\/a> a 11% rise in net income to EGP 80 mn in 3Q2020 due to steady growth of revenues, which increased 16% to EGP 535.9 mn.<\/p>\n

The group delivered bottom-line growth despite an unfavorable base effect from the same quarter last year<\/strong>, which had a \u201cstrong rebound effect following the lifting of covid-19-related restrictions that were in place during the second quarter of 2020.\u201d CHG also saw a rebound in patient volumes at fertility-specialist Bedaya Hospital, where revenues are catching up with \u201cmanagement\u2019s long-term targets,\u201d putting it on track to deliver record revenues over the coming year.<\/p>\n

Looking ahead:<\/strong> The company is on track to \u201cdeliver on our revenue and profitability targets for the year,\u201d building on strong performance in the first three quarters of the year, said CEO Ahmed Ezzeldin. Cleopatra expects to launch operations at its brownfield project<\/a> in East Cairo within two years of locking down regulatory clearance, according to Ezzeldin.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cleopatra Hospitals Group (CHG) sees sustained growth in 3Q2021: Cleopatra Hospitals Group\u2019s (CHG) net earnings grew 8% y-o-y to EGP 86.1 mn in 3Q2021, according to the company\u2019s latest earnings release (pdf). This came on the back of 16% growth in revenues to EGP 623.8 mn. On a nine-month basis: CHG\u2019s net income grew 58% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9134],"tags":[192,302,409,72,7115],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555645","post","type-post","status-publish","format-standard","hentry","category-earnings","tag-cleopatra-hospitals-group","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-healthcare","wpautop","entry"],"acf":{"mongo_id":"615dfac4-0199-4a16-8731-58cfc8fa843b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[555634],"teaser":"","voice_url":""},"yoast_head":"\nCleopatra Hospitals posts another strong earnings showing - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/22\/cleopatra-hospitals-posts-another-strong-earnings-showing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cleopatra Hospitals posts another strong earnings showing\" \/>\n<meta property=\"og:description\" content=\"Cleopatra Hospitals Group (CHG) sees sustained growth in 3Q2021: Cleopatra Hospitals Group\u2019s (CHG) net earnings grew 8% y-o-y to EGP 86.1 mn in 3Q2021, according to the company\u2019s latest earnings release (pdf). 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Revenues rose 1% y-o-y to EGP 636.9 mn during the quarter, despite a fall in covid-related revenues as the pandemic receded.The pandemic is fading out of\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/398.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566244,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/06\/chgs-bottom-line-shoots-23-y-o-y-in-1q2021-as-group-plans-expansions\/","url_meta":{"origin":555645,"position":5},"title":"CHG\u2019s bottom line shoots 23% y-o-y in 1Q2021 as group plans expansions","author":"enterpriseam admin","date":"6 June 2021","format":false,"excerpt":"EARNINGS WATCH- Cleopatra Hospital Group (CHG) reported a bottom line of EGP 108 mn in 1Q2021, up 23% y-o-y over the same period last year, in an earnings release out today (pdf). 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