Response Plus Holdings PJSC reports impressive 3rd quarter 2021 financial results

Gross Profit recorded at AED60.1mln with achieved revenue of AED197.7mln over the first nine months of 2021

  
Major Tom Louis , CEO

Major Tom Louis , CEO

Abu Dhabi : Response Plus Holding PJSC (RPM), UAE’s largest provider of on-site healthcare management reports an impressive Q3 performance for the period ending September 2021.

The company, a unit of ADX-listed Alpha Dhabi (subsidiary of International Holding Company ‘IHC’) has reported a net profit at AED 40.1 million for the 1st three quarter reflecting a year-on-year growth of 817% which is the outcome of the of the transformative changes incorporated this year. The dynamic team at RPM achieved a revenue of AED 197.7 million over the first nine months of 2021 with a gross profit of AED 60.1 million for the period.  Total RPM assets amounted to AED 293.9 million as on 30th September 2021 compared to AED 5.6 million at the start of 2021.

In addition to existing contracts, RPM has been awarded many new contracts during the period and has commenced providing services for these projects which has also contributed to RPM’s enhanced financial growth performance. Key projects bagged by RPM during the 3rd quarter include Abu Dhabi Health Services Co. (SEHA), Mafraq Hospital (200 ICU facility), Emirates Global Aluminium, Schlumberger, Abu Dhabi Police, Larsen & Turbo, Trojan Contracting in addition to Integrated ambulance fleet management for hospitals.  

For the last quarter, the management confirms its commitment to drive continuous growth of the company through key new upcoming projects with the National Petroleum Construction Company (NPCC), China Machinery Engineering Corporation (CMEC) and various international events such Soundstorm 2021, UAE Warriors and Abu Dhabi Motor Sports.

RPM has also enhanced its business development and marketing department with the aim to expand within the region as a part of its growth strategy. Some very prestigious Tendered contracts of UAE, Saudi Arabia, Kuwait and Ethiopia are in the final stages of negotiation that the Management is confident on being awarded in the coming months.

“RPM is focused in providing the highest standards of Medical services in areas of Emergency Medical Services, Remote site medical services, Medical manpower supply, Occupational Medical Services & International Patient Concierge services and we have achieved record revenues in the 3rd quarter this year. said Major Tom Louis, CEO of Response Plus Holdings. “Our focus is to further boost the momentum for the last quarter of this year with confirmed contracts & businesses in UAE, Saudi Arabia, Oman & Ethiopia. Our India expansion plans for 2022 will further pave the way for sustained growth over the years to come. We have also implemented a robust and exemplary corporate governance framework to ensure strong growth is supported by effective internal controls.

-Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases