StockMarketWire.com - Gulf country focused healthcare group NMC Health said it expected to grow its annual operating earnings by 38%, underpinned by both acquisitions and organic revenue growth.

Ebitda in 2018 was expected to grow to $480m, underpinned by 24% growth in revenue, including 15% growth on an organic basis, the company said.

For 2019, the company forecast Ebitda growth to slow to 18-20%, with revenue growth of 22-24%.

'Given the combination of NMC's strategy, supportive underlying industry dynamics and continued positive operational developments, management remains comfortable with the financial guidance it provided for 2018 and 2019 at its recent capital markets day,' the company said.

'Of particular note is the continued roll out of insurance coverage in NMC's core markets, including the completion of the mandatory insurance program last year in Dubai.'




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