ArabFinance: Nozha International Hospital (NIH) (NINH) reported an 18% Year on Year (YoY) fall in its net profit for the fiscal year (FY) 2020, according to the companys February 2ndstatement filed to the Egyptian Exchange.

Net profit after tax stood at EGP 49.6 million in 2020, compared to EGP 60.5 million achieved in 2019.

The listed hospital reported a 23.9% YoY drop in its net profit during the first nine months of 2020, recording EGP 33.53 million.

Nozha International is an Egypt-based shareholding company engaged in the field of healthcare facilities management. The company manages and operates Al Nozha International Hospital, which provides general health and surgical services in the fields of internal medicine, surgery, obstetrics and gynecology, pediatric, psychiatric, orthopedic, ophthalmology, and physical therapy.

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