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NMC Health HY Profit Rises - Quick Facts

NMC Health plc (NMC.L) reported that its profit attributable to equity holders of the parent for the six months ended 30 June 2019 rose to $138.12 million or $0.659 per share from $116.49 million or $0.557 per share in the prior year.

Excluding the impact of IFRS 16, net income to equity holders stood at US$151.0 million, up 29.6% from last year.

Revenue for the period grew to $1.24 billion from $931.97 million last year.

The company said it continues to view the future with confidence and reiterate its guidance for the full year 2019.

"Given the Company's strong operational and financial performance and continued trend of performing in line with expectations, management remains highly confident in relation to future performance," the company said.

Separately, NMC Health said it plans to immediately initiate the process to seek shareholder approval for a share buyback programme. The company said the share buyback programme will only be employed opportunistically to take advantage of exceptional price volatility and will be limited to a maximum of US$200 million.

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