Bupa reports 117% surplus increase
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Bupa has reported a 117 per cent increase in surplus before tax for 2009.
In its financial results for 2009, the healthcare provider reported a 17 per cent increase in revenues to £6.9bn from £5.9bn in 2008, and a 117 per cent increase in surplus before tax to £416.5m.
Bupa says the increase in revenues is driven by a combination of “organic growth of favourable foreign exchange movements and the effect of recent acquisitions”.
For 2009 customer numbers increased to 10.4 million, up from 10.3 million in 2008. Bupa Health Assurance reported a 6 per cent increase in new customers.
Bupa chief executive Ray King says: “In a year during which a number of our core markets were impacted by economic recession, the Bupa Group demonstrated its resilience by maintaining customer numbers, increasing surplus and repaying a significant amount of debt.”
He adds: “Bupa is well positioned to take advantage of these trends given our geographic breadth, strong balance sheet, trusted brands and excellent market positions. We are investing in our portfolio in pursuit of organic growth and remain focused on delivering our strategy of helping customers live longer, healthier, happier lives.”
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