24th Feb 2020 09:05
(Alliance News) - Georgia Healthcare Group PLC on Monday said it expects to continue to deliver year-on-year double-digit revenue growth following a strong performance in 2019.
The healthcare services, pharmacy and medical insurance provider reported 13% revenue growth in 2019 to GEL963.1 million, about GBP264.3 million, thanks to "good" performance across all five business segments.
The company said it has now completed a three-year investment programme and is seeing the benefits, with pretax profit rising by 17% to GEL63.1 million.
Georgia Healthcare increased its annual payout by 44% to GEL0.076 per share.
"As we continue to make progress in delivering the strategy of each of our businesses and leveraging the strength of our franchise, we expect to continue to grow our revenue by double-digits while maintaining our high-quality asset base without significant further capital expenditure. In addition, the group will continue to build out important, profitable new growth opportunities," said Chief Executive Nikoloz Gamkrelidze.
The stock was trading 2.0% lower in London on Monday at 125.50 pence a share.
By Evelina Grecenko; [email protected]
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