RIYADH: Saudi Arabia-listed Middle East Healthcare Co. said first-quarter net profit fell by almost half as revenue from a key client declined.
Net profit after zakat and tax slid 42.9 percent year on year to SR12.1 million ($3.2 million), the company, which operates the Saudi German Hospital brand, said in a filing to the Saudi stock exchange. Quarter-on-quarter profit fell 57.6 percent.
Profit per share was SR130,000 compared with SR230,000 a year earlier. Revenue was 4.1 percent lower year on year at SR418.4 million.
The company also cited continued losses at Dammam hospital of SR19.6 million for its lower net profit compared with the previous quarter.
Maersk Calls Bolster Kenyaâs Ambitions of Becoming Maritime Hub
May 20 2021, 8:42 PM
May 20 2021, 3:20 PM
May 20 2021, 8:42 PM
(Bloomberg) Two A.P. Moller-Maersk A/S vessels made maiden calls at Kenyaâs new Indian Ocean port which began operating on Thursday, edging the nation closer to fulfilling its ambition of becoming the main shipping hub on East Africanâs coast.
(Bloomberg) Two A.P. Moller-Maersk A/S vessels made maiden calls at Kenyaâs new Indian Ocean port which began operating on Thursday, edging the nation closer to fulfilling its ambition of becoming the main shipping hub on East Africanâs coast.
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