Miami Mirror Logo
Miami Mirror Logo
  • Facebook
  • Twitter
  • Google Plus
  • RSS Feed
Menu
  • Home
  • Business
  • US Sports
  • International
  • Wire
  • Search
  • Weather
  • Network
VOLUME NO. 0205/16

Georgia Healthcare Group PLC Announces 3rd Quarter Results

ACCESS Newswire
13 Nov 2019, 12:31 GMT+10

Third quarter and Nine-Month 2019 Results

LONDON, UK / ACCESSWIRE / November 13, 2019 / GHG announces today the Group's 3Q19 and 9M19 consolidated results, reporting 13.0% y-o-y growth in nine-month revenues to GEL 703.3 million (US$238.0 million/GBP 193.7 million) and a 50 basis point improvement in adjusted ROIC2. The Group posted nine-month profit of GEL 46.0 million (US$15.6 million/GBP 12.7 million) and adjusted earnings per share1 ('EPS') of GEL 0.27 (US$0.09 per share/GBP 0.07 per share), both excluding IFRS 16 lease accounting impact.

In order to permit meaningful comparisons between reporting periods, in the table below Net Profit, EBITDA, EBITDA margin and EPS data, for GHG as well as for each segment, exclude IFRS 16 financial impact. For the same reason, the discussions throughout this report of 2019 quarterly and nine-month results for the Group and each business line also focus on the numbers excluding the IFRS 16 impact. Each financial table, on the other hand, shows both - the results with and without IFRS 16 impact. We are adopting this convention for 2019 only because 2018 figures have not been restated on an IFRS 16 basis.

GEL million; unless otherwise noted
3Q19 3Q18
Change,
Y-o-Y
9M19 9M18
Change,
Y-o-Y
The Group
Revenue, gross
230.5 202.9 13.6% 703.3 622.4 13.0%
EBITDA excluding IFRS 16
36.6 32.7 11.9% 111.4 95.4 16.8%
Net Profit excluding IFRS 16
14.7 9.7 52.6% 46.0 38.0 21.0%
EPS adjusted1, GEL excluding IFRS 16
0.08 0.07 23.8% 0.27 0.21 29.7%
ROIC adjusted2 (%)
14.2% 14.0% 0.2ppts 14.3% 13.8% 0.5ppts
Hospitals business
Revenue, gross
68.7 64.1 7.1% 217.7 196.2 10.9%
EBITDA excluding IFRS 16
16.8 16.4 2.6% 54.8 50.9 7.7%
EBITDA margin (%) excluding IFRS 16
24.5% 25.6% -1.1ppts 25.2% 26.0% -0.8ppts
Net Profit excluding IFRS 16
3.1 3.4 -7.6% 13.2 13.8 -4.9%
Clinics business
Revenue, gross
10.6 8.9 18.6% 32.5 28.3 15.0%
EBITDA excluding IFRS 16
1.8 1.2 46.3% 5.8 4.0 45.3%
EBITDA margin (%) excluding IFRS 16
16.9% 13.7% 3.2ppts 17.7% 14.0% 3.7ppts
Net Profit excluding IFRS 16
(0.7) (1.0) -37.4% (1.2) (2.6) -52.2%
Pharmacy and distribution business
Revenue
146.8 123.3 19.0% 442.0 377.5 17.1%
Gross profit margin (%)
25.7% 26.1% -0.4ppts 25.3% 25.1% 0.2ppts
EBITDA excluding IFRS 16
15.2 12.4 22.5% 46.1 37.0 24.7%
EBITDA margin (%) excluding IFRS 16
10.4% 10.1% 0.3ppts 10.4% 9.8% 0.6ppts
Net Profit excluding IFRS 16
10.0 5.2 91.4% 30.4 24.5 24.1%
Medical insurance business
Net insurance premiums earned
19.4 14.2

Share article:
Shares
facebook sharing button Share
twitter sharing button Tweet
reddit sharing button Share
flipboard sharing button Flip
email sharing button Email

Watch latest videos

Subscribe and Follow

Get a daily dose of Miami Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.

  • Facebook
  • Twitter
  • Google Plus
  • RSS Feed

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Miami Mirror.

More Information
null in null

Business

Section
Bitcoin soars to a record on Trump policies, institutional demand
Bitcoin soars to a record on Trump policies, institutional demand

NEW YORK CITY, New York: Bitcoin surged to a new all-time high this week, buoyed by growing institutional interest and a wave of pro-crypto...

Huawei eyes new buyers for AI chips amid U.S. export curbs
Huawei eyes new buyers for AI chips amid U.S. export curbs

SHENZHEN, China: As global chip competition intensifies, Huawei Technologies is exploring new markets in the Middle East and Southeast...

U.S. food prices at risk as Brazil tariff hits key imports
U.S. food prices at risk as Brazil tariff hits key imports

LONDON/NEW YORK CITY: American grocery bills may be headed higher as coffee and orange juice prices face upward pressure from new tariffs...

WK Kellogg sold to Ferrero as food giants chase shelf power
WK Kellogg sold to Ferrero as food giants chase shelf power

BATTLE CREEK, Michigan: In a major consolidation of iconic food brands, WK Kellogg has agreed to be acquired by the owner of Ferrero...

Filmmaker joins biotech effort to bring back extinct giant bird
Filmmaker joins biotech effort to bring back extinct giant bird

WASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...

India seeks WTO nod for retaliatory tariffs on US
India seeks WTO nod for retaliatory tariffs on US

NEW DELHI, India: India has submitted a revised proposal to the World Trade Organization (WTO) in Geneva to implement retaliatory tariffs...

International

Section
Sources: Meta won’t alter data model, faces fresh EU charges
Sources: Meta won’t alter data model, faces fresh EU charges

BRUSSELS, Belgium: Meta is holding firm on its controversial pay-or-consent model, a move that could lead to fresh antitrust charges...

Trump’s tariff push could push US rates above 20%, ICC says
Trump’s tariff push could push US rates above 20%, ICC says

LONDON, U.K.: American consumers and businesses could soon face the highest overall tariff burden in more than a century, according...

U.S. Urged to Investigate After Israeli Settlers Beat Palestinian-American to Death
U.S. Urged to Investigate After Israeli Settlers Beat Palestinian-American to Death

The family of Sayfollah Saif Musallet, a 20-year-old American citizen who was beaten to death by Israeli settlers in the occupied West...

New Hampshire federal court ruling defies Trump’s citizenship move
New Hampshire federal court ruling defies Trump’s citizenship move

CONCORD, New Hampshire: A federal judge in New Hampshire issued a crucial ruling on July 10 against President Donald Trump's executive...

Houthis attack cargo ship in Red Sea, raising maritime safety fears
Houthis attack cargo ship in Red Sea, raising maritime safety fears

DUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...

Trump administration restarts Ukraine arms deliveries
Trump administration restarts Ukraine arms deliveries

WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...

Movie Review

Movie Review
Downrange
  • About us
  • Contact us
  • News Releases
  • Privacy Policy
  • Terms & Conditions
  • Archives
  • Sitemap
  • Weather
  • Network
  • Facebook
  • Twitter
  • Google
  • Rss

© Copyright 1999-2025 Miami Mirror. All rights reserved.