The company, which operates medical surgical facilities in the
The jump in profit prompted the company to say it will pay an interim dividend of
Outpatient volumes for the group were up 20% in the period, while inpatient volumes were up 1.2% against the same period last year. The increase in outpatient volumes came on the back of the number of revenue-generating doctors on Al Noor's books rising 27% over the period to 106, with 31 added during the first half of 2014. The jump came despite a slowdown in doctor hires in the second quarter. The firm said it expects to meet its target of adding 70-80 doctors in the full year.
Al Noor opened three new medical centres during the period, increasing its total portfolio to 16 sites and also helping to drive volume growth in the first half. During the period, the group opened medical centres in Bateen and Baniyas neighbourhoods in
It has signed a lease to open a medical centre in the
"I am pleased to announce that our 2014 first half results have shown further strong profitable growth. Trading in the second half of the year has begun in line with management expectations," said Al Noor Chief Executive
"We remain on track to deliver strong growth through our physician hiring programme and the opening of three medical centres," Alom added.
Al Noor Hospitals shares were up 4.4% at
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