Medsi swings to 59 mln rbl adjusted IFRS net profit in Apr–Jun

MOSCOW, Aug 30 (PRIME) -- Medical clinic chain Medsi, owned by multi-industry holding Sistema, posted a 59 million ruble adjusted net profit in April–June against a 238 million ruble net loss in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), Sistema said in a statement on Wednesday.

Revenue increased 19.6% on the year to 2.758 billion rubles in the period as the number of visits rose 6.3% and an average receipt amount grew 12.4%, the company said.

Adjusted operating income before depreciation and amortization (OIBDA) tripled to 398 million rubles.

Medsi unites 21 clinics in Moscow, eight clinics and 73 medical stations in regions of Russia, an emergency medical services, a fitness club and two health resort facilities.

(58.5320 rubles – U.S. $1)

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