{"id":598748,"date":"2019-06-03T04:00:10","date_gmt":"2019-06-03T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/earnings-watch-cleopatra-hospitals-reports-1q2019-profits\/"},"modified":"2019-06-03T04:00:10","modified_gmt":"2019-06-03T04:00:10","slug":"earnings-watch-cleopatra-hospitals-reports-1q2019-profits","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/03\/earnings-watch-cleopatra-hospitals-reports-1q2019-profits\/","title":{"rendered":"Earnings watch: Cleopatra Hospitals reports 1Q2019 profits"},"content":{"rendered":"<p><b>Cleopatra Hospitals Group reported a 4% y-o-y dip in 1Q2019 net profits to EGP 55.1 mn<\/b> compared to EGP 57.2 mn a year earlier, <a href=\"https:\/\/s3.amazonaws.com\/inktankir2\/cleopatra\/Cleopatra-ER-1Q2019-E-FINAL-clean-.pdf\">the company said in its earnings statement (pdf)<\/a>. Revenues rose 20% y-o-y during the quarter to EGP 416 mn. Net income was impacted by an increase in impairments \u201cprimarily related to claims made in 2016 and 2017,\u201d Cleopatra said. The company is \u201cactively working to establish a more structured revenue cycle management framework\u201d that will include moving away from weak credit profile clients and improving the group\u2019s claims collection procedure.<\/p>\n<p><b>Looking ahead, CHG is pushing through its expansion plans:<\/b> \u201cIn the coming months we will launch our second polyclinic and will continue to explore new potential locations, in line with our plan to inaugurate two facilities per year over the coming five years. In addition, the Group is in the final agreement stages to take over operations of El Katib Hospital, which will add close to 100 beds to our existing capacity. We will also press on with the Group-wide renovation works and aim to roll out the new HIS\/ERP system at Cleopatra and Queens hospitals. This will see all the Group\u2019s East Cairo facilities operating under the new, integrated framework allowing us to further enhance efficiency and further improve the quality of care across our hospitals,\u201d Chief Executive Officer Ahmed Ezzeldin said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cleopatra Hospitals Group reported a 4% y-o-y dip in 1Q2019 net profits to EGP 55.1 mn compared to EGP 57.2 mn a year earlier, the company said in its earnings statement (pdf). Revenues rose 20% y-o-y during the quarter to EGP 416 mn. Net income was impacted by an increase in impairments \u201cprimarily related to [&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":[192,302,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598748","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cleopatra-hospitals-group","tag-earnings","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ac4b202b-23fd-4387-bad8-3bab2572d211","is_powered_by":true,"section_story_id":"79db71c9-c32a-44f8-90b7-5273a5bdff6b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598734],"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>Earnings watch: Cleopatra Hospitals reports 1Q2019 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\/06\/03\/earnings-watch-cleopatra-hospitals-reports-1q2019-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Cleopatra Hospitals reports 1Q2019 profits\" \/>\n<meta property=\"og:description\" content=\"Cleopatra Hospitals Group reported a 4% y-o-y dip in 1Q2019 net profits to EGP 55.1 mn compared to EGP 57.2 mn a year earlier, the company said in its earnings statement (pdf). Revenues rose 20% y-o-y during the quarter to EGP 416 mn. 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Revenues rose 20% y-o-y during the quarter to EGP 416 mn. 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Revenues came in at EGP 502.9 mn, a 21% increase from EGP 416 mn last year. CHG was able\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":598748,"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":594832,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/09\/cleopatra-hospitals-reports-27-dip-in-1h2019-net-profits\/","url_meta":{"origin":598748,"position":2},"title":"Cleopatra Hospitals reports 27% dip in 1H2019 net profits","author":"enterpriseam admin","date":"9 September 2019","format":false,"excerpt":"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\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":598748,"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). Revenues fell 17% y-o-y to EGP 340.2 mn over the quarter, down from EGP 409.1 mn. 2Q2020\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":570027,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/16\/cleopatra-hospitals-profits-fall-16-in-2019\/","url_meta":{"origin":598748,"position":4},"title":"Cleopatra Hospitals profits fall 16% in 2019","author":"enterpriseam admin","date":"16 March 2020","format":false,"excerpt":"EARNINGS WATCH- Cleopatra Hospitals Group reported a 16% dip in net profit in 2019 to EGP 265.4 mn from EGP 315.2 mn a year earlier, according to the company\u2019s earnings statements (pdf). Revenues rose 23% y-o-y to EGP 1.8 bn, up from EGP 1.45 bn the previous year. In 4Q2019,\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":576409,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/23\/earnings-watch-cleopatra-hospitals-orascom-investment-holding\/","url_meta":{"origin":598748,"position":5},"title":"Earnings watch: Cleopatra Hospitals, Orascom Investment Holding","author":"enterpriseam admin","date":"23 November 2020","format":false,"excerpt":"EARNINGS WATCH- Cleopatra Hospitals Group\u2019s net profit rose 11% y-o-y in 3Q2020 to EGP 80 mn, up from EGP 72.2 mn last year, according to the company\u2019s earnings release (pdf). Revenues grew 16% to EGP 536 mn in the third quarter, up from EGP 462 mn a year ago. \u201cMargins\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=598748"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/598748\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/598734"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=598748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=598748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=598748"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=598748"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=598748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}