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Georgia Healthcare Group Profits in 2016 Marked 61 million GEL

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).