15 May 2012 - NMC Health Plc (LSE:NMC) (‘NMC’), a leading integrated healthcare provider operating across the United Arab Emirates, today issues its Interim Management Statement for the period from 31 December 2011 to 30 April 2012.

Summary of results for 4 months to 30 April 2012

Highlights
•    NMC traded in line with the board’s expectations and continued to demonstrate robust performance at both group and divisional level.

•    Revenue in the Healthcare division increased 22.3% to US$84.1m on a year on year basis, reflecting an increase in occupancy levels and outpatients in all facilities.

•    Revenue in the Distribution division increased 14.7% to US$82.3m on a year on year basis primarily from the introduction of new products into our portfolio in 2012.

•    The capital projects that were set out in the Company’s IPO Prospectus are progressing as planned and on budget.

•    The Company has drawn down US$120.0m of its JP Morgan loan facility to date. Net cash as at 30 April 2012 was US$282.4m.


Dr B.R.Shetty, Chief Executive Officer, commented:

“We are very pleased with our good performance so far this year in both our Healthcare and Distribution divisions. The increase in occupancy is a testament to the hard work of all our staff in making patient care their primary responsibility.

In relation to the expansion plans of the group, all capital projects being undertaken are continuing as planned and on budget.
At this early stage of the year we continue to trade in line with the Board's expectations for 2012.”