Tuesday, May 15, 2012
LONDON (Dow Jones)--NMC Health PLC (NMC.LN), the London-listed healthcare provider operating across the United Arab Emirates, Tuesday reported a 22% jump in revenue in its healthcare division since the start of the year and said it continues to trade in line with the board's expectations for the year.
The company didn't comment on what the board's expectations are but said revenue in the healthcare division rose to $84.1 million in the four months through April 30, from $68.7 million in the same period last year. Revenue in the distribution division increased 15% to $82.3 million, primarily due to the introduction of new products.
Overall revenue increased to $166.4 million from $140.4 million previously.
Net cash as at April 30 was $282.4 million.
NMC Health said all capital projects being undertaken in relation to the group's expansion plans are continuing as planned and on budget.
Shares closed Monday at 197.5 pence.
-By Jana Weigand, Dow Jones Newswires; 44-20-7842-9314; jana.weigand@dowjones.com
(END) Dow Jones Newswires
15-05-12 0653GMT
