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Gulf Medical reports 91.6% profit drop in 2018

Gulf Medical reports 91.6% profit drop in 2018
The medical company’s revenues rose 10.8% to AED 485.51 million in 2018
GMPC
GMPC
-9.40% 1.35 -0.14

Abu Dhabi – Mubasher: Gulf Medical Projects Company (GMPC) on Thursday posted a 91.66% year-on-year profit decline for the full-year 2018.

Net profits amounted to AED 119.65 million in 2018, compared to AED 1.43 billion in 2017, according to the firm’s statement to the Abu Dhabi Securities Exchange (ADX).

The medical company’s revenues rose 10.8% to AED 485.51 million in 2018, versus AED 438.13 million in the previous year.