UAE's NMC Health 6th-best performing shares on FTSE

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Abu Dhabi-based private healthcare provider NMC Health has recorded the sixth-highest share rise on the London stock exchange in the past year, it was reported.

An analysis by The Times newspaper found shares in the company increased by 124 percent on the FTSE to £4.42 ($7.22) at latest prices.

The performance was only bettered by five other companies – Bank of Georgia (131 percent), retailer SuperGroup (149 percent), leisure company Thomas Cook (294 percent), technology firm Xaar (299 percent) and retailer Ocado (416 percent).

NMC Health floated on the London Stock Exchange in April 2012 at £2.10.

In August this year it recorded a 17 percent increase in net profit to $32.3m during the first half of 2013. It reported a 14.8 percent rise in group revenue to $273.1m.

The Times report said since its listing on the stock market, NMC Health had since been joined by a similar business, Al Noor Hospitals.

“NMC has benefited from the greater provision of healthcare in its home market and the growth of conditions linked to increasing prosperity, such as obesity,” The Times said.

NMC, founded in 1975, currently operates five hospitals, as well as a number of medical centres and pharmacies.

Commenting on its H1 results, CEO BR Shetty said: “Our continued focus on clinical specialisms and Centres of Excellence, together with our drive to introduce new product lines into the distribution division, is again driving growth across the group.”

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Finger on the pulse of Gulf healthcare

Finger on the pulse of Gulf healthcare

Fast-expanding Anglo Arabian Healthcare has already built up...

Saudi healthcare booms as state bids to close welfare gap

Saudi healthcare booms as state bids to close welfare gap

Stock market listings are being planned by two of Saudi Arabia...

Revealed: How the Gulf is losing billions to medical insurance fraud

Revealed: How the Gulf is losing billions to medical insurance fraud

The growing issue of medical insurance fraud and abuse — ranging...

1
Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew