Gulf Medical Projects posts net profit of AED 139.7 million in 2016.
Gulf Medical Projects (profile) has posted its financial results for 2016, showing total assets of AED 2.03 billion, revenues of AED 846 million and a net profit of AED 139.7 million for 2016.
The Sharjah-based company develops, owns and manages hospitals and clinics. It recently sold its flagship property, the Al Zahra Hospital in Sharjah, to UAE healthcare provider NMC Health, for AED 2 billion. The sale was approved by shareholders in January 2017.
A shareholders meeting is scheduled for the end of March 2017.