Amanat posts 40pc rise in net profit

17 February, 2020 12:00 AM printer

Dubai: Investment firm Amanat Holdings on Sunday posted a 40 per cent rise in full-year net profit, as it benefitted from cost reduction initiatives and as its education-related assets fared better-than-expected.

Amanat, which claims to be GCC’s largest healthcare and education investment firm, said a boost from its education platform helped cushion losses from its Bahrain-based asset, the Royal Hospital for Women & Children (RHWC) – which started operations in March and is currently in a “ramp-up” phase, report agencies.