Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) registered net profits worth SAR 113.11 million in the first half (H1) of 2024, an annual rise of 25.37% from SAR 90.37 million.
The revenues jumped by 11.05% to SAR 1.40 billion in H1-24 from SAR 1.26 billion in H1-23, according to the financial results.
Earnings per share (EPS) hit SAR 1.23 as of 30 June 2024, up year-on-year (YoY) from SAR 0.98.
Financials for Q2-24
In the second quarter (Q2) of 2024, the net profits stood at SAR 61.17 million, higher by 51.97% than SAR 40.25 million a year earlier.
Revenues widened by 14.14% YoY to SAR 712.66 million in April-June 2024 from SAR 624.32 million.
Quarter-on-quarter (QoQ), the profits in Q2-24 grew by 17.77% from SAR 51.94 million in Q1-24, while the revenues rose by 3.40% from SAR 689.21 million.
