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MD Medical Group Investments 1H Net Profit, Revenue Surge

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By Mauro Orru

MD Medical Group Investments PLC has posted higher net profit and revenue in the first half, helped by in-patient treatments and segments such as oncology, internal medicine, trauma and cardiology.

The Russian private healthcare provider, listed in London, said Monday that net profit climbed to 2.69 billion rubles ($36.9 million) from RUB1.47 billion, while earnings before interest, taxes, depreciation, and amortization rose 66% to RUB3.78 billion.

Revenue for the period jumped to RUB12.01 billion from RUB7.97 billion.

“The company’s revenue grew by 51% on the back of strong operating results across the board as well as further expansion and diversification of our healthcare services portfolio,” Chief Executive Mark Kurtser said.

“Operating performance improved in our traditional competencies of women’s health and paediatrics as well as in other profiles, primarily in oncology, internal medicine, trauma care and cardiac surgery,” Mr. Kurtser added.

Write to Mauro Orru at; @MauroOrru94