Saudi German Hospital posts 22% higher net profits in 9M-24 - Mubasher Info

SAUDI GERMAN HEALTH
4009 -1.82% 70.10 -1.30

Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) generated net profits worth SAR 174.86 million in the first nine months (9M) of 2024, an annual rise of 21.70% from SAR 143.67 million.

Revenues amounted to SAR 2.13 billion in 9M-24, up 10.37% from SAR 1.93 billion in the year-ago period, according to the initial financial results.

The earnings per share (EPS) increased to SAR 1.90 as of 30 September 2024 from SAR 1.56 in 9M-23.

Financials for Q3-24

In the third quarter (Q3) of 2024, Saudi German Hospital recorded a 15.83% year-on-year (YoY) rise in net profit to SAR 61.74 million, versus SAR 53.30 million.

The medical group registered revenues valued at SAR 732.07 million in July-September 2024, an annual growth of 9.09% from SAR 671.05 million.

Quarterly, the Q3-24 net profits went up by 0.93% from SAR 61.17 million in Q2-24, while the revenues climbed by 2.72% from SAR 712.66 million.

Source: Mubasher Source: {{details.article.source}}