Response Plus Holdings PJSC Reports Impressive 3rd Quarter 2021 Financial Results
Gross Profit recorded at AED 60.1 million with achieved revenue of AED 197.7 million over the first nine months of 2021
Abu Dhabi – Oct. 18, 2021: Response Plus Holding PJSC (RPM), UAE’s largest provider of on-site healthcare management reports an impressive Q3 performance for the period ending September 2021.
The company, a unit of ADX-listed Alpha Dhabi (subsidiary of International Holding Company ‘IHC’) has reported a net profit at AED 40.1 million forthe 1st three quarter reflecting a year-on-year growth of 817%which is the outcome of the of the transformative changes incorporated this year. The dynamic team at RPM achieved a revenue of AED 197.7 million over the first nine months of 2021 with a gross profit of AED 60.1 million for the period. TotalRPM assets amounted to AED 293.9 million as on 30thSeptember 2021 compared to AED 5.6 million at the start of 2021.
In addition to existing contracts, RPM has been awarded many new contracts during the period and has commenced providing services for these projects which has also contributed to RPM’s enhanced financial growth performance. Key projects bagged by RPM during the 3rd quarter include Abu Dhabi Health Services Co. (SEHA), Mafraq Hospital (200 ICU facility), Emirates Global Aluminium, Schlumberger, Abu Dhabi Police, Larsen & Turbo, Trojan Contracting in addition to Integrated ambulance fleet management for hospitals.
For the last quarter, the management confirms its commitment to drive continuous growth of the company through key new upcoming projects with the National Petroleum Construction Company (NPCC), China Machinery Engineering Corporation (CMEC) and various international events such Soundstorm 2021, UAE Warriors and Abu Dhabi Motor Sports.
RPM has also enhanced its business development and marketing department with the aim to expand within the region as a part of its growth strategy.Some very prestigious Tendered contracts of UAE, Saudi Arabia, Kuwait and Ethiopia are in the final stages of negotiation that the Management is confident on being awarded in the coming months.
“RPM is focused in providing the highest standards of Medical services in areas of Emergency Medical Services, Remote site medical services, Medical manpower supply, Occupational Medical Services & International Patient Concierge services and we have achieved record revenues in the 3rd quarter this year. said Major Tom Louis, CEO of Response Plus Holdings. “Our focus is to further boost the momentum for the last quarter of this year with confirmed contracts & businesses in UAE, Saudi Arabia, Oman & Ethiopia. Our India expansion plans for 2022 will further pave the way for sustained growth over the years to come. We have also implemented a robust and exemplary corporate governance framework to ensure strong growth is supported by effective internal controls.