Latest news with #Dh187
Al Etihad
5 days ago
- Business
- Al Etihad
Burjeel Holdings reports 129% surge in Q2 profit
6 Aug 2025 20:41 A. SREENIVASA REDDY (ABU DHABI) Burjeel Holdings recorded a sharp 128.9% year-on-year surge in second-quarter net profit to Dh148 million, driven by strong revenue growth, improved patient yield, and operational efficiencies across its expanding healthcare in Q2 2025 rose 18.7% to Dh1.4 billion, while EBITDA jumped 59.4% to Dh306 million, reflecting stronger margins and the benefits of asset optimisation. The quarterly performance significantly boosted the group's first-half results, with net profit for H1 reaching Dh187 million — up 10.6% from Dh169 million in the same period last revenue rose 12.2% to Dh2.68 billion, supported by sustained demand for complex care services and expansion across key specialties. EBITDA for H1 stood at Dh487 million, marking a 14.2% increase over the prior robust performance was underpinned by a 12% increase in patient footfall in Q2. Across the first half, total patient visits rose to 3.4 million, with outpatient numbers up 8.6% to 3.28 million and inpatient footfall climbing 14.6% to 88,000. The Group also performed nearly 23,000 surgeries in Q2, representing an 18.7% annual increase, while bed occupancy improved to 69% from 65% in the year-ago quarter.'The second quarter delivered exceptionally strong results, with 19% revenue growth driven by a 12% increase in patient footfall and improved yield. EBITDA rose by 59%, accompanied by a margin uplift to 22%,' said CEO John Sunil.'These results reflect tangible progress in key operational areas such as physician manpower optimisation, formulary management, and cost control, while our strategic focus on super-specialty care is beginning to yield measurable benefits, enhancing both revenue and profitability,' he added. Sunil said the Group's oncology platform is now the UAE's largest private network and highlighted the growth in services related to transplants, fertility, mental health, and diagnostics. He reaffirmed Burjeel's focus on converting recent investments into sustained expansion and margin improvement. Source: Aletihad - Abu Dhabi
Hi Dubai
11-02-2025
- Business
- Hi Dubai
Dubai Dining Costs Surpass Paris, London, and Tokyo: What's Driving the Price Surge?
The cost of dining out in Dubai has surged due to a combination of global economic factors, including rising commercial rents and supply chain disruptions, industry leaders revealed on Monday. Stefano Mihalitisianos, Managing Director for the Middle East at Tashas Group, attributed the price hikes to the broader political and economic climate, particularly the impacts of the Ukraine-Russia war. "The cost of goods has gone up globally, and rents have increased significantly in recent years," he noted during a panel discussion organized by the UAE Restaurant Group at the Dubai Chamber. A recent study by UK-based Holidu ranked Dubai 98th among 150 cities for dining costs. Inexpensive meals in the city average 10 euros (Dh38), while mid-range meals for two cost around 62 euros (Dh197). Surprisingly, Dubai outperforms cities like Paris, London, and Tokyo in terms of dining affordability. Meanwhile, Abu Dhabi ranked 75th globally, with an inexpensive meal costing 6.2 euros (Dh23.5) and a mid-range meal priced at 49.5 euros (Dh187). Despite the price increases, Mihalitisianos emphasized that restaurants are not exploiting the situation. 'Restaurants are navigating through rising labor costs, rents, and inflation while staying competitive,' he explained. Naveed Nasir, founder of Khadak restaurant chain, urged transparency in pricing, stressing that compromising on quality for short-term gains can harm a business in the long run. Maha Al Gargawi, Vice President of Business Advocacy at Dubai Chamber, highlighted the growth potential in the restaurant sector, noting that the UAE's food services industry is projected to surpass $23.2 billion this year and reach $52.7 billion by 2030. News Source: Khaleej Times
