ABU DHABI, UAE – Burjeel Holdings, a leading healthcare services provider in the UAE and MENA listed on the Abu Dhabi Securities Exchange, on Tuesday announced its financial results for the first quarter of 2023.
Burjeel Holdings revenue for Q1 2023 was US$299 million (AED1.1 billion), an increase of 11.6 percent year-on-year, driven by improved utilization across hospitals, in particular Burjeel Medical City, and the Medical Centers segments.
Group EBITDA for the three-month period ended March 31, 2023 increased by 13.4 percent year-on-year to US$65 million (AED 241.6 million) in Q1 2023.
Net profit in Q1 2023 saw a year-on-year growth of 43.4 percent to US$33 million (AED 121.3 million), due to a combination of higher revenues, increased operational efficiencies and lower finance costs stemming from ongoing debt reduction.
Chief Executive Officer of Burjeel Holdings, John Sunil, said, “Burjeel Holdings delivered an impressive result for the first quarter of 2023, achieving strong growth both in top-line and bottom-line whilst making significant operational and strategic progress.”
