Burjeel Holdings delivers 44.5% Q1 profit surge to $15m

The company’s revenue growth was 9.7% YoY.

Burjeel Holdings PLC has reported a net profit increase of 44.5% year on year to $15m (AED57m) during the first quarter, citing strong operating performance and control of non-operating costs.

Excluding the impact of the Unified Procurement Program, the company’s revenue growth was 9.7% YoY.

By segment, the company’s hospitals' revenue increased by 5.5% YoY to $490m (AED1.8b), driven by higher patient footfall (+4.2%) and demand for specialised and essential care.

Additionally, its medical centres segment also grew by 9.3% YoY to $32m (AED118m), due to the ramp-up of over 16 new centres and strong growth in outpatient visits of 21.9%.

In line with this, total patient volumes increased by 7.2% YoY to 1.8 million, underpinned by ongoing network expansion, despite a temporary impact in March.

Moreover, outpatient footfall grew by 7.3% YoY, whilst inpatient volumes increased by 5.9% YoY.