Mother and Child revenue rises by 7% to 12.71 bln rbl in Jan–Sep

MOSCOW, Nov 10 (PRIME) -- The revenue of Russia’s Mother and Child maternity hospital and clinic chain, operated by MD Medical Group, increased by 7% on the year to 12.71 billion rubles in January–September, the company said in a statement on Tuesday without specifying the accounting standards.

“In general, in the first nine months of 2020, in spite of the pressure from the COVID-19 pandemic, we demonstrated an increase in revenue of 7% to 12.71 billion rubles as compared with the same period of the previous year,” the company said quoting CEO Mark Kurtser.

“It happened due to a 31% increase of bed days year-on-year with revenue from this direction growing by 63%.”

Capital expenditures shrank by 37% on the year to 1.949 billion rubles in the period, and the company’s net debt decreased by 66% to 1.187 billion rubles.

(76.9515 rubles – U.S. $1)

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