The financial statements of the National Medical Care Company showed that the company's profits in the first half of this year increased by 34.6% on an annual basis.
According to the company's results for the Saudi market (Tadawul) today, Wednesday, the profits for the period amounted to 58.94 million riyals, compared to profits of 43.8 million riyals for the first half of 2019.
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The company said in a statement to the Stock Exchange that the increase in profits during the comparison periods is due to the increase in the volume of dealings with the Ministry of Health, and the high profit margin due to the rationalization of public expenses and the provision of consumables and labor costs In addition to reducing financing burdens as a result of paying interest-bearing loan facilities.
The company recorded profits of 25.78 million riyals in the second quarter of this year, compared to profits of 13.82 million riyals for the same period of the previous year, an increase of 86.6%. / p>
(Amazon Fun Knowledge)
