Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) registered a drop of 42.8% in net profits after Zakat and tax to SAR 12.1 million during the first quarter (Q1) of 2021, compared with SAR 21.18 million in the same period last year.
On a quarterly basis, the net profit in Q1-21 also plummeted 57.5% from SAR 28.53 million in the fourth quarter (Q4) of 2020, according to the initial income statements.
Earnings per share stood at SAR 0.13 in Q1-21, compared to SAR 0.23 in Q1-20.
Revenues reached SAR 418.37 million during the first three months of 2021, down 4% from SAR 436.31 million in Q1-20.
Quarter-on-quarter, the revenues in Q1-21 were 11% lower than SAR 470.51 million in Q4-20.
