Riyadh – Mubasher: Saudi Arabia-based National Medical Care Company on Tuesday reported a 3.91% year-on-year increase in net profits for the second quarter of 2018.

National Medical Care’s profits amounted to SAR 20.26 million in Q2-18, compared to SAR 19.5 million in Q2-17, according to a statement to the Saudi Stock Exchange (Tadawul).

Quarter-on-quarter, profits levelled down 20.85% during the period between April and June, from SAR 25.6 million.

During the first six months of 2018, the Tadawul-listed firm’s profits jumped 30.9% to SAR 45.87 million, compared to SAR 35.04 million during H1-17.

The Saudi firm attributed the first-half profit growth to a drop in revenue costs, in addition to a decrease in administrative and general expenses.

National Medical Care’s stock inched up 0.53%, closing Monday at SAR 56.50.