International healthcare company Bupa has reported 2020 statutory profit before taxation of £410 million, compared to a loss before taxation of £78 million reported for 2019. Group underlying profit declined by 4% to £388 million, compared to £404 million in 2019.
Revenue for the year was in line with the previous year at £12.1 billion.
Bupa group chief executive Iñaki Ereño said: “The pandemic is having a terrible impact across the world at a very human level. In the context of that huge challenge, I am very proud of how everyone at Bupa has been responding, focusing on our customers and supporting each other and society. Our financial results reflect our financial resilience and the benefits of our diversified business. Despite volatile market and trading conditions we maintained revenue flat with underlying profit marginally down.
Looking forward, it is an important time for Bupa and for the healthcare industry. Covid-19 has changed many aspects of society and this will continue. I am proud to lead Bupa in this new period as we deliver for customers and play our part in national health efforts. My focus is on growth, transformation and sustainability.”
Date published: March 5, 2021