Medlife reports 46% drop in Q1 figures

Mihai Marcu, president and CEO of MedLife

Despite a jump in sale, Romania’s largest private medical operator, Medlife, has reported a slump in first quarter profits. Thanks to an increase in foreign exchange expenses, profits decreased by 46% to L2.4m (US$557,000). Revenues increased by 31.1% to L233m. The highlight of the quarter was that at the end of January, Medlife announced its…

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