The profits of the National Medical Care Company (Care) decreased by 2% in the third quarter to reach 16.3 million riyals, compared to 16.6 million riyals in the third quarter of the year The past.
According to Arabiya Net, the company's profits rose to 75.3 million riyals by the end of the first nine months of 2020 by 25%, compared to 60.4 million riyals in the same period last year .
and the company attributed the reason for the decrease in quarterly net profits to the following factors:
1- Increase allocations for old receivables from government agencies other than the General Organization for Social Insurance. The management continues to deal with its partners in this regard and feels that these balances are recoverable.
2- The decrease in rental and investment income, as investment decreased due to the low interest rate in the market after the injection of cash into the banking system by the Saudi Arabian Monetary Agency.
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3- The increase in the amount of Zakat more than a quarter due to the increase in the Zakat base of the company.
