Oncoclínicas&Co has revenues of R$6 billion and profit of R$313 million in 2023

In 2023, gross cash profit totaled R$1.9 billion, corresponding to a margin of 35.4%, which represents an increase of 33.7% over that reported in 2022. EBITDA totaled R$1.0 billion for the entire year (R$1.1 billion excluding the non-cash effect of the long-term incentive plan accounting calculation, or on an ex-PILP basis), 58.9% above 2022, reflecting not only the Company's revenue growth, but also efficiency gains captured in the operation. In 2023, gross cash profit totaledR$1.9 billion,...

In 2023, gross cash profit totaled R$1.9 billion, corresponding to a margin of 35.4%, which represents an increase of 33.7% over that reported in 2022. EBITDA totaled R$1.0 billion for the entire year (R$1.1 billion excluding the non-cash effect of the long-term incentive plan accounting calculation, or on an ex-PILP basis), 58.9% above 2022, reflecting not only the Company's revenue growth, but also efficiency gains captured in the operation.

This was the sixth consecutive quarter of net profit, which reached the mark of R$87.0 million for 4Q23. Total net profit for 2023 was R$312.6 million, 174.7% higher than that recorded in 2022. Net profit without the effect of PILP was R$359.4 million in 2023. The company is now reaping the fruits of its corporate structure rationalization project, which began around two years ago. There was also enormous progress in addressing the level of minority participation in net profit. Net income per share, excluding minority shareholders, increased from R$0.08 per share in 2022, to R$0.40 per share in 2023, an increase of 383.4%.

"These numbers reflect our commitment to the company's principles of employing technology, medical excellence and hyper-specialization, always considering cost-effectiveness and continually seeking efficiency gains, at the service of our patients, doctors and partners", highlights Bruno Ferrari, founder and CEO of Oncoclínicas&Co. 

For more information, visit http://www.grupooncoclinicas.com

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