Burjeel Holdings delivers record FY22 results with net profit up 52% to AED 355mln
- Date: 13-Feb-2023
- Source: Zawya
- Sector:Financial Markets
- Country:Saudi Arabia
Burjeel Holdings delivers record FY22 results with net profit up 52% to AED 355mln
- Revenue of AED 3.92 billion up 17% y-o-y with EBITDA of AED 878 million up 13%
- Strong financial position with Net Debt/EBITDA* at 1.5x at the end of the period
- Delivering on our strategy to grow patient yields and drive utilization across our network
- Entry into Saudi Arabia underway through joint venture with Leejam Sports
- Expected to deliver robust growth in 2023 with group revenue expected to grow organically in the high-teens and EBITDA margins to improve to at least 2021 levels
- Various strategic growth opportunities, including M&A, under consideration
Abu Dhabi, United Arab Emirates: Burjeel Holdings PJSC (“Burjeel” or “the Group”), a leading Healthcare Services Provider in the UAE and MENA listed on the Abu Dhabi Securities Exchange (“ADX”) (SYMBOL: BURJEEL; ISIN: AEE01119B224), today announced its preliminary financial results for the twelve-month and three-month period ended 31 December 2022.
- Net Profit of AED 355 million up 52% from the prior year, demonstrating the Group’s ability to deliver on its yield enhancement strategy
- Revenue of AED 3.92 billion, up 17% YoY, driven by 125% growth at our flagship hospital Burjeel Medical City (BMC)
- EBITDA of AED 878 million, up 13% YoY, with EBITDA margin stable at 22%. Benefitted from strong