{"id":594832,"date":"2019-09-09T04:11:23","date_gmt":"2019-09-09T04:11:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/cleopatra-hospitals-reports-27-dip-in-1h2019-net-profits\/"},"modified":"2019-09-09T04:11:23","modified_gmt":"2019-09-09T04:11:23","slug":"cleopatra-hospitals-reports-27-dip-in-1h2019-net-profits","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/cleopatra-hospitals-reports-27-dip-in-1h2019-net-profits\/","title":{"rendered":"Cleopatra Hospitals reports 27% dip in 1H2019 net profits"},"content":{"rendered":"<p><b>EARNINGS WATCH- Cleopatra Hospitals Group reported a 27% y-o-y dip in 1H2019 net profits<\/b> to EGP 97.7 mn compared to EGP 133.4 mn a year earlier, according to the company\u2019s <a href=\"https:\/\/ent.news\/2019\/9\/2948.pdf\">quarterly financial statement (pdf)<\/a>. Revenues rose 22% y-o-y during the period to EGP 825 mn. CHG\u2019s profits fell 44% y-o-y during 2Q2019, coming in at EGP 42.6 mn compared to EGP 76.2 mn in 2Q 2018. This came in spite of robust top line growth: Revenues in 2Q 2019 grew 25% y-o-y to EGP 409.1 mn, from EGP 326.6 mn in 2018.<\/p>\n<p><b>Looking ahead, CHG is shifting its focus on integrating its newly acquired facilities<\/b>, including one of the country\u2019s largest IVF centers, in which it acquired a majority stake. Management is also looking to push ahead with the group\u2019s plans to inaugurate two facilities per year over the next five years. \u201cAll in all, I am confident that we are ideally positioned to build on the operational and financial results achieved in the first six months of the year to deliver an even more impressive second half of strong organic and inorganic growth,\u201d CEO Ahmed Ezzeldin said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Cleopatra Hospitals Group reported a 27% y-o-y dip in 1H2019 net profits to EGP 97.7 mn compared to EGP 133.4 mn a year earlier, according to the company\u2019s quarterly financial statement (pdf). Revenues rose 22% y-o-y during the period to EGP 825 mn. CHG\u2019s profits fell 44% y-o-y during 2Q2019, coming in at [&hellip;]<\/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":[8572],"tags":[192,302,72,7138,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594832","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cleopatra-hospitals-group","tag-earnings","tag-enterpriseam","tag-health","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4e1ba6d7-41c7-4824-aa49-5c6501f86e88","is_powered_by":true,"section_story_id":"66e94785-feb3-4474-a741-622d688ca2bb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594815],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cleopatra Hospitals reports 27% dip in 1H2019 net profits - 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\/2019\/09\/09\/cleopatra-hospitals-reports-27-dip-in-1h2019-net-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cleopatra Hospitals reports 27% dip in 1H2019 net profits\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Cleopatra Hospitals Group reported a 27% y-o-y dip in 1H2019 net profits to EGP 97.7 mn compared to EGP 133.4 mn a year earlier, according to the company\u2019s quarterly financial statement (pdf). Revenues rose 22% y-o-y during the period to EGP 825 mn. 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Revenues for the quarter stood at EGP 394 mn, up 27% y-o-y from EGP 309.6 mn in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593338,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/25\/earnings-watch-cleopatra-hospitals-profits-fall-20-in-3q2019\/","url_meta":{"origin":594832,"position":1},"title":"Earnings watch: Cleopatra Hospitals profits fall 20% in 3Q2019","author":"enterpriseam admin","date":"25 November 2019","format":false,"excerpt":"EARNINGS WATCH- Cleopatra Hospitals Group reported a 21% y-o-y dip in 3Q2019 net profit to EGP 72.2 mn compared to EGP 91.6 mn a year earlier, according to the company\u2019s quarterly earnings release (pdf). Revenues rose 19% y-o-y to EGP 462 mn, up from EGP 338.3 mn in 3Q2018. On\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630900,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/05\/earnings-watch-gb-auto-cleopatra-hospitals-group-ibnsina-pharma-oriental-weavers-report-2017-results\/","url_meta":{"origin":594832,"position":2},"title":"Earnings Watch: GB Auto, Cleopatra Hospitals Group, Ibnsina Pharma, Oriental Weavers report 2017 results","author":"enterpriseam admin","date":"5 March 2018","format":false,"excerpt":"EARNINGS WATCH- GB Auto reported a consolidated net loss of EGP 666.9 mn in 2017, narrowing from EGP 865.7 mn the previous year, according to a company statement (pdf). Top line for the year rose 15.5% y-o-y to EGP 17.56 bn. Last year saw the group taking steps to return\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574351,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/earnings-watch-cleopatra-hospitals-group-pioneers-holding-suez-cement-sidi-kerir-for-petrochemicals\/","url_meta":{"origin":594832,"position":3},"title":"Earnings Watch- Cleopatra Hospitals Group, Pioneers Holding, Suez Cement, Sidi Kerir for Petrochemicals","author":"enterpriseam admin","date":"7 September 2020","format":false,"excerpt":"EARNINGS WATCH- Cleopatra Hospitals Group reports a 67% y-o-y decline in 2Q2020 net profits to EGP 14 mn, down from EGP 42.6 mn in the previous year according to thecompany\u2019s earnings release (pdf). 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Net income was impacted by an increase\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628889,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/earnings-watch-edita-ekh-qalaa-cleopatra-hospitals-palm-hills-nbk-egypt-ode\/","url_meta":{"origin":594832,"position":5},"title":"Earnings Watch: Edita, EKH, Qalaa, Cleopatra Hospitals, Palm Hills, NBK Egypt, ODE","author":"enterpriseam admin","date":"16 May 2018","format":false,"excerpt":"EARNINGS WATCH- Plenty of our friends in corporate Egypt have reported results in the past 24 hours: Edita Food Industries reported a 50.8% y-o-y jump in its bottom line for 1Q2018 to EGP 60.9 mn, up from EGP 40.4 mn in the comparable quarter last year. 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