Burjeel Holdings’ net profit up 5.9% to $65m in H1 2024

Group revenue increased by 10.4% amidst a hike in medical oncology services.

UAE’s Burjeel Holdings has reported a net profit of approximately $65m (AED 238m) in H1 2024, up by 5.9% year-on-year (YoY) on the back of revenue growth and lower finance and depreciation costs.

The group’s revenue increased by 10.4% to $653.4m (AED 2.4b) amidst a hike in medical oncology services, contributing around 30% of its incremental growth.

Meanwhile, the hospitals segment contributed 88% of total group revenue in the first half.

The segment’s revenue and EBITDA grew by 9.2% and 8.6% respectively, whilst bed occupancy surged to 64% during the period.

AED 1 = $0.27