{"id":610325,"date":"2023-11-19T00:00:00","date_gmt":"2023-11-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/integrated-diagnostics-holdings-increases-revenues-40-in-3q-earnings\/"},"modified":"2023-11-19T00:00:00","modified_gmt":"2023-11-19T00:00:00","slug":"integrated-diagnostics-holdings-increases-revenues-40-in-3q-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/19\/integrated-diagnostics-holdings-increases-revenues-40-in-3q-earnings\/","title":{"rendered":"Integrated Diagnostics Holdings increases revenues 40% in 3Q earnings"},"content":{"rendered":"

Record test volumes and pickup in footfall fueled strong quarter: <\/strong>Integrated Diagnostics Holdings (IDH) logged EGP 176 mn in net income for 3Q 2023, up from a net loss of EGP 36 mn in the same period last year that was attributable to a one-off expense, according to the company\u2019s e<\/a>arnings release (pdf)<\/a>. Consolidated revenues for the quarter were up 40% y-o-y to EGP 1.2 bn, driven by a quarterly record of over over 10 million tests and a pickup in patient footfall mainly in Egypt and Jordan.<\/p>\n

Marginal dip in 9M bottom line: <\/strong>IDH\u2019s net income fell 4% y-o-y in the first nine months of 2023 to EGP 387 mn, while revenues increased 9% y-o-y to EGP 3.1 bn on the back of a 16% increase in conventional test volumes and 24% increase in average revenue per test.<\/p>\n

What they said: <\/strong>\u201cWhile our results from the first half of the year were somewhat diluted by increasing inflationary environments, particularly in our home market, Egypt, as well as several seasonal slowdowns due to the holy month of Ramadan and other holidays, the company\u2019s strong performance in the third quarter of the year has significantly outpaced the past two quarters,\u201d IDH\u2019s CEO Hend El Sherbini said.<\/p>\n","protected":false},"excerpt":{"rendered":"

IDH booked over 10 million tests in a single quarter for the first time<\/p>\n","protected":false},"author":1,"featured_media":610326,"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":[7208],"tags":[302,409,72,7115,1406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-610325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-enterpriseam","tag-healthcare","tag-integrated-diagnostics-holding","wpautop","entry"],"acf":{"mongo_id":"c28a80c2-7ebe-4a32-8b35-171b63451828","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/11\/966.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Integrated Diagnostics Holdings increases revenues 40% in 3Q earnings earnings","related_issue":[610304],"teaser":"IDH booked over 10 million tests in a single quarter for the first time","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/11\/.eeffd849-3b85-4f5b-ba21-0d7eed9e4a42.mp3"},"yoast_head":"\nIntegrated Diagnostics Holdings increases revenues 40% in 3Q earnings - 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\/2023\/11\/19\/integrated-diagnostics-holdings-increases-revenues-40-in-3q-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Integrated Diagnostics Holdings increases revenues 40% in 3Q earnings\" \/>\n<meta property=\"og:description\" content=\"IDH booked over 10 million tests in a single 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