NMC Health sees growth accelerate in third quarter

United Arab Emirates-focused healthcare provider NMC Health said its remains on track to hit full-year profits after stronger growth in the third quarter, driven bby a strong performance in its Healthcare division and a good recovery in Distribution.

United Arab Emirates-focused healthcare provider NMC Health said its remains on track to hit full-year profits after stronger growth in the third quarter, driven bby a strong performance in its Healthcare division and a good recovery in Distribution.

Group revenue in the three months to September 30th increased by 13.9% from $108.3m to $123.4m, an acceleration from the 8.4% growth seen in the first half. The firm said that earnings before interest, tax, depreciation and amortisation (EBITDA) for the full year is expected to be in line with management's expectations.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.