According to the results of the company for the Saudi market (Tadawul), the profits for the period reached 108.02 million riyals, compared to the profits for the first quarter of last year of 107.22 million riyals.
The company said in the statement that the increase in profits during the comparison periods is due to the increase in the revenues achieved due to the addition of new specialized departments in the company's hospitals with the continued efficiency in operating the available assets. < / p>
The increase in profits was also attributed to a decrease in financing expenses due to the decrease in the cost of lending, in addition to a decrease in the composition of the Zakat provision to fit with the calculation of the Zakat base for the year 2020, when the company received The final assessment for the years from 2013 to 2016 and terminated and paid the due accordingly.
The company achieved revenues of 493.94 million riyals in the first quarter of this year, compared to 462.62 million riyals for the same period in 2019, an increase of 6.8%. p>
