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Al Maidan profit skyrockets 51% in 6m

Al Maidan profit skyrockets 51% in 6m
MIDAN
MIDAN
0.00% 795.00 0.00
Al Maidan Dental Clinic disclosed its interim financial statements for the six months period ended September 30, 2014.

The statements reflected KWD1.7 million ($5.8 million) for this period compared to KWD1.121 million ($4 million) for the same period of previous year, with increase by 51%.

Meanwhile, the company achieved KWD685 thousands for the third quarter of 2014 compared to KWD663 thousand for the same period of previous year, up by 3%.

Al Maidan noted that profit increase during this period was mainly attributed to growth of operating revenues by 15% and regression of finance cost by 44% due to settlement of a number of financial obligations in addition to decline of bad debts by 63%.