Page 55 - SGH PR REPORT - MAY 2024

5/9/24, 9:36 AM Saudi German Hospital’s profits rise in Q1-24; revenues cross SAR 689m | Decypha

Saudi German Hospital’s profits rise in Q1-24; revenues cross SAR 689m

Riyadh – Mubasher: The net profits of Middle East Healthcare
Company (Saudi German Hospital) amounted to SAR 51.94 million in the first
quarter (Q1) of 2024.
The generated net profits were higher by 3.63% year-on-year (YoY) than SAR
50.12 million, according to the initial income statements.
Revenues climbed by 8.02% to SAR 689.21 million as of 31March 2024 from
SAR 637.99 million in Q1-23, according to the interim financials.
Additionally, the earnings per share (EPS) went up to SAR 0.56 in Q1-24 from
SAR 0.54 a year earlier.
On a quarterly basis, the Q1-24 net profits hiked by 42.30% from SAR 36.50 million in Q4-23, while the revenues dropped by 4.25%
from SAR 719.81 million.
In 2023, Saudi German Hospital recorded an annual leap of 139.66% in net profit to SAR 180.18 million, compared to SAR 75.18
million.

Mubasher Contribution Time: 06-May-2024 07:58 (GMT)
Mubasher Last Update Time: 06-May-2024 08:10 (GMT)

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