Saudi German Hospital profits up 3.5% in 2020

The growing annual profits were driven by higher revenue and lower cost of revenue

  
A screen displaying stock market prices is seen at an investment bank in Riyadh, June 9, 2013.

A screen displaying stock market prices is seen at an investment bank in Riyadh, June 9, 2013.

REUTERS/Faisal Al Nasser
Riyadh – Mubasher: The Middle East Healthcare Company’s (Saudi German Hospital) net profits grew by 3.5% yearly in 2020 to stand at SAR 100.98 million.

This growth in annual net earnings was driven by higher revenue and lower cost of revenue, according to a bourse filing on Sunday.

Revenue for the past year rose by 18.4% to SAR 1.77 billion, compared with SAR 1.5 billion a year earlier.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities