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NewsBreak: NMC Health Sees FY2020 Revenue, Profit Up Over 10%

Published 10/21/2019, 02:32 AM
Updated 10/21/2019, 02:40 AM
© Reuters.

Investing.com -- London-listed Middle Eastern health care group NMC Health said Monday it expects both revenue and profit to rise by over 10% in the coming fiscal year, and restated its guidance for the current fiscal year.

"Business performance in the second half of 2019 is building on the strong trends seen in H1 2019," the company said in a press release. "As a result, management expects the second half of the year to be stronger than the first and reiterates full-year guidance across revenues, EBITDA, net income, leverage and cash flow conversion."

Key points:

  • 2019 revenue seen at $2.50 billion to $2.52 billion

  • 2019 earnings before interest, tax, depreciation and amortization seen at $665 million to $675 million

  • 2019 net profit seen at $297 million to $305 million

    • (Figures under the impact of the new IFRS 16 rule on lease accounting.)

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