Nozha International Hospital reports 18% lower profits in 2020

The company's revenues rose by 1%

Cairo – Mubasher: The financial results of Nozha International Hospital reported an 18% drop in net profits to EGP 49.6 million in 2020 from EGP 60.5 million in 2019.

The company's revenues rose by 1% to EGP 217.02 million in 2020, compared to EGP 214.89 million in the earlier year.

The earnings per share (EPS) settled at EGP 3.11 last year, versus EGP 3.95 in 2019.

It is noteworthy to mention that during the first nine months of 2020, the company's net profits slid by 24% year-on-year (YoY) to EGP 33.53 million from EGP 44.08 million.

Source: Mubasher

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