Burjeel's first-half revenues reach Dh2.4 billion, up 10.4%

ABU DHABI (WAM)

Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported a 10.4 percent growth in revenue to Dh2.4 billion for the first half of the current year ending June 30, 2024.

Outpatient and inpatient revenue increased by Dh137 million and Dh82 million, respectively, the group said in a statement on Thursday.

Group earnings before interest, taxes, depreciation and amortisation (EBITDA) ex-one-offs increased by 2.2 percent to Dh477 million, despite higher direct costs from continued investment in oncology to boost revenues as a result of growing patient uptake in the future.

This was despite higher direct costs resulting from continued investment in oncology to boost revenue from future patient demand.

The Group's net profit ex-one-offs and taxes increased by 5.9 percent to Dh238 million on the back of revenue growth and lower finance and amortisation costs.