Riyadh – Mubasher: Mouwasat Medical Services Company registered a 4.01% lower net profit after Zakat and tax at SAR 413.90 million in the first nine months (9M) of 2022, versus SAR 431.19 million in 9M-21.
The company’s revenues grew by 5.16% to SAR 1.67 billion in 9M-22 from SAR 1.59 billion in 9M-21, according to the interim financial results.
Meanwhile, the earnings per share (EPS) retreated to SAR 4.14 during January-September 2022, compared to SAR 4.31 in the year-ago period.
During the third quarter (Q3) of 2022, the Tadawul-listed firm achieved net profits after Zakat and tax worth SAR 122.21 million, a 14.33% year-on-year (YoY) drop from SAR 142.66 million.
Revenues went up by 3.42% YoY to SAR 549.15 million in Q3-22 from SAR 530.98 million.
On a quarterly basis, the Q3-22 net profits after Zakat and tax declined by 13.62% from SAR 141.48 million in Q2-22, while the revenues edged down by 1.56% from SAR 557.86 million.
In the first half (H1) of 2022, Mouwasat generated SAR 291.69 million in net profit after Zakat and tax, up 1.09% from SAR 288.54 million in H1-21.
