Cleopatra Hospital Co. (CLHO) delivered a good set of operational results in Q1 2019 with cases served reaching 235,544 (+0.1% y/y). Revenues y/y growth was in double digits, driven by better pricing, and margins expanded significantly. However, earnings growth was halted by non-recurring impairments. Expansions plan is on track; one of the two hospitals planned to join the group is now onboard, and so is the first of the two polyclinics planned for 2019.
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