Georgian Healthcare Group (GHG) has finished the year of 2016 in success.
The company notified investors about growth in financial indicators on February 15 and submitted a detailed report.
The company’s profits in 2016 marked 61.3 million GEL (18.8 million GBP). Annual growth marked 159.7%. Profit per share marked 0.39 GEL (0.12 GBP).
Net proceeds of GHG rose by 74.8% and totaled 423.8 million GEL. EBITDA made up 78 million GEL. Upturn made up 39%. After payment of taxes, profits constituted 40.2 million GEL. Annual upturn marked 70%.
The financial report reads that total value of the company is 3.4 billion GEL (15.02.17/ Bloomberg / GBP 467.470).
It should be noted that GHG is market leader in several directions. It is a major company in terms of service delivery. In terms of hospital beds, the company controls 23.4% of market. The company will finish rehabilitation of two other clinics in 2017 and add 600 new places.
The company also possesses a wide pharmacy network and maintains strong positions in medical insurance sector (Imedi L).
The company shares are successfully traded at London Stock Exchange (LSE).