Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNMC.L Regulatory News (NMC)

  • There is currently no data for NMC

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

2013 Full-Year Trading Update

3 Jan 2014 07:00

RNS Number : 8191W
NMC Health Plc
03 January 2014
 

 

 

 

 

NMC Health Plc - 2013 Full-Year Trading Update

 

 

 

London, 3 January 2014: NMC Health Plc ("NMC") (LSE:NMC), the leading private sector healthcare provider operating across the United Arab Emirates, today provides a trading update for its 2013 financial year.

 

Trading Update

NMC expects to report results, in line with expectations, for the twelve months ended 31 December 2013. The net debt position, capital expenditure and operational cash flow are also anticipated to be in line with management expectations.

 

Projects update

NMC opened the Mussafah Day Patient Centre in July 2013 in close proximity to both the rapidly expanding Mohammad bin Zayed City (MBZC) suburb and the Mussafah industrial area of Abu Dhabi. The new facility is connected to a shopping mall and will cater to the growing local population for both outpatient consultancy services and minor surgical procedures. The facility will act as a referral point to our existing Specialty Hospital in central Abu Dhabi, some 35km away, and in the longer term to our new Khalifa City Hospital, some 10km away. We are pleased with progress and patient flow since opening.

 

Meanwhile, all our other projects including the Dubai Investment Park General Hospital, Brightpoint Women's Hospital, Al Ain Medical Centre and the Khalifa City Hospital are progressing towards their respective opening dates, as communicated earlier in 2013.

 

 

 

Dr B.R.Shetty, Chief Executive Officer, commented:

 

"I am pleased with NMC's growth over the past year in both our healthcare and distribution divisions. Management will continue to work towards increased efficiencies and operational gearing in existing operations and a smooth introduction of new assets.

 

The opening of our Mussafah Day Patient Centre in July 2013, was the first in a string of new near-term additions to our healthcare portfolio in the UAE. In 2014 we will see the opening of two hospitals and a medical centre, followed by the opening of our largest hospital in H1 2015.

 

Management and the team at NMC have worked very hard since the IPO to deliver this organic expansion program. Our strategy has been reinforced by the strong population and economic growth seen in the UAE over the past year and the recent adoption of mandatory healthcare insurance in Dubai. Consequently, I look forward to a rewarding 2014 for NMC and its shareholders"

 

 

 

Calendar

 

Full-year financial results for the twelve months ended 31 December 2013 will be issued on 25 February 2014. NMC will host an analyst/investor webcast on that day. Further details will be announced in due course.

 

Contacts

 

Investors:

 

Prasanth Manghat, Chief Financial Officer

Tel: +971 50 522 5648

 

Roy Cherry, Head of Strategy and Investor Relations

Tel: +971 50 667 0184

 

Media:

Brunswick London

Justine McIlroy/Azadeh Varzi

+44 20 7404 5959

 

Brunswick Gulf

Steve Martin Wajih Halawa

+971 5 6696 9232 +971 5 0100 9207

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCSSLFWEFLSEEF
Date   Source Headline
11th Feb 20202:14 pmRNSForm 8.3 - NMC Health plc
11th Feb 20201:07 pmRNSForm 8.3 - NMC Health PLC
11th Feb 202012:05 pmRNSForm 8.3 - NMC Health PLC
11th Feb 202012:04 pmRNSForm 8.3 - NMC Health plc
11th Feb 202011:37 amRNSForm 8.5 (EPT/RI)- NMC Health plc
11th Feb 202011:37 amRNSForm 8.5 (EPT/NON-RI)- NMC Health plc
11th Feb 202011:36 amRNSForm 8.5 (EPT/NON-RI)- NMC Health plc
11th Feb 202011:25 amRNSForm 8.5 (EPT/RI)
11th Feb 202011:17 amGNWHSBC BANK PLC - Form 8.5 (EPT/RI) - NMC Health plc
11th Feb 202011:00 amRNSHoldings in Company
11th Feb 202010:45 amRNSForm 8.5 (EPT/RI) - NMC Health plc
11th Feb 202010:44 amRNSForm 8.5 (EPT/RI) - NMC Health plc
11th Feb 202010:22 amBUSForm 8.5 (EPT/NON-RI) - NMC HEALTH PLC
11th Feb 20209:17 amPRNForm 8.3 - NMC Health PLC
11th Feb 20207:15 amRNSRule 2.9 Announcement
11th Feb 20207:00 amRNSStatement re. possible offer
10th Feb 20202:23 pmRNSForm 8.3 - NMC Health plc
10th Feb 20207:00 amRNSStatement regarding Possible Offer
10th Feb 20207:00 amRNSStatement regarding major shareholdings
4th Feb 20207:00 amRNSResponse to share price movement
31st Jan 20201:51 pmRNSHoldings in Company
31st Jan 20201:38 pmRNSTransaction notification
31st Jan 20201:07 pmRNSHoldings in Company
31st Jan 20201:07 pmRNSTransaction notification
31st Jan 20201:06 pmRNSHoldings in Company
27th Jan 202011:30 amRNSHoldings in Company
27th Jan 202011:30 amRNSHoldings in Company
24th Jan 20207:00 amRNSEmirates NBD closed NMC LN ABO, GBP12.50 per share
23rd Jan 20204:35 pmRNSNMC Health PLC ABO 2.1mn share offering
21st Jan 20205:16 pmRNSHoldings in Company
17th Jan 20207:00 amRNSIndependent review investigators
16th Jan 202010:25 amRNSPDMR Shareholding
16th Jan 202010:00 amRNSHoldings in Company
15th Jan 20202:00 pmRNSHoldings in Company
15th Jan 202010:00 amRNSHoldings in Company
14th Jan 20201:00 pmRNSNotification of Major Holding
13th Jan 202011:30 amRNSHoldings in Company
13th Jan 202011:30 amRNSHoldings in Company
13th Jan 202011:30 amRNSShare transaction notification
13th Jan 20208:23 amRNSHoldings in Company
10th Jan 202011:51 amRNSNotification of Major Holdings
10th Jan 202010:30 amRNSNotification of Major Holdings
8th Jan 20205:30 pmRNSNMC Health
8th Jan 20209:07 amRNSKBBO Pricing Announcement
8th Jan 20207:25 amRNSCompletion of sale in NMC Health PLC & Finablr PLC
7th Jan 20205:36 pmRNSShare sale in NMC Health PLC and Finablr PLC
6th Jan 20207:15 amRNSIndependent Review Oversight Committee
27th Dec 20197:00 amRNSIndependent confirmation of built-up floor area
24th Dec 20199:00 amRNSTrade licenses of Modular Concepts
24th Dec 20198:00 amRNSPDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.