Dallah Health Services financial data showed that the company's profits fell 52% last year to 141.8 million riyals ($ 38 million); compared to 295 million riyals in 2017.
The company's revenues decreased last year to 1180.9 million riyals, compared to 1212.1 million riyals in 2017, a decrease of 2.6%.
The company said that the decrease in profits is due to an increase in pre-operating expenses and the start-up of the Dallah-Nammar Hospital that started in 2018 and that affected direct and indirect operating expenses.
She added that the decrease in the number of clinics and hypnosis patients at Dallah Al-Nakheel Hospital affected the revenues, in conjunction with the relatively slow acceleration of the revenues of the Nammar Hospital with the start of operation.
The company indicated recording some losses from the sale of investments during the past year, among other income and losses, which led to a decrease in the comparative year figures.
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