The profits of the National Medical Care Company increased by 103.2%, after zakat and tax, to 33.17 million riyals in the third quarter of 2021, compared to 16.32 million riyals, profits for the same quarter of 2020.
According to Arabiya Net and on a quarterly basis, the company's profits increased by 7.9% in the third quarter of 2021, compared to 30.73 million riyals, profits for the second quarter of 2021.< /p>
The company said in a statement to Saudi Arabia's Tadawul, today, Tuesday, that the increase in net profit is due to the lower cost of selling expenses compared to the revenues of the current quarter, which led to an improvement in the profit margin. Gross profit to 30% from 24% in the same quarter last year.
The company explained that the net profit also increased as a result of the decrease in operating expenses in the current quarter compared to the same quarter of the previous year, due to the increase in provisions for old receivables from registered government agencies. last year.
The company's profits increased in the first nine months of 2021 by 32.38%, recording 99.6 million riyals, compared to 75.28 million riyals in the same period of the previous year.
The company's revenues increased by 5.9% during the first nine months of the year to 629.79 million riyals, from 594.35 million riyals in the comparable period of 2020.
