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Dubai / Emirates Business
Amanat Holdings, GCC’s largest healthcare and education investment company, on Sunday announced its results for the first quarter ending on March 31.
Amanat realised net profit of AED 20.7 million, a 43% increase compared with the same period in 2018. Total income increased to AED 35.4 million, up 30% compared with the same period in 2018, with AED 30.2 million recorded from investments in associates and subsidiaries. Excluding Royal Hospital for Women & Children, which was recently ope-ned and expected to record pre-operating losses during ramp up phase, Amanat would have recor-ded a 37% growth in total income in Q1 2019 compared to Q1 2018.