The company posted operating expense of RON107.6 million in the first quarter, up 6.7% on the year, while its operating profit grew 66.8%, to RON5.8 million.
MedLife’s total assets stood at RON593.9 million at the end of March, up 20% compared with end-2018, while total debts stood at RON440.6 million, up 28.4% compared iwth end-2018.
MedLife announced in January the acquisition of 51% of Rozsakert Medical Center in Hungary. The deal was finalized in March.
Also in the first quarter, MedLife raised its ownership in Sama Craiova to 90% and in PDR Brasov to 83%. It also opened two Dent Estet dental clinics in Sibiu.
For 2019, MedLife expects a turnover of RON905 million, up 12.5% on the year, and a net profit of RON31 million, up 56%.
MedLife is 18.6% owned by Mihail Marcu, majority shareholder who is also CEO and chairman of the board. Mihaela Gabriela Cristescu owns 14% and Nicolae Marcu owns 13.1%.