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Saudi German Hospital’s profits rise in Q1-24;
revenues cross SAR 689m
06 May 2024 11:58 AM
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.
https://english.mubasher.info/news/4285387/Saudi-German-Hospital-s-profits-rise-in-Q1-24-
revenues-cross-SAR-689m/
