Abu Dhabi – Mubasher: Gulf Medical Projects Company (GMPC) recorded a 26.92% decline in net profit during the third quarter (Q3) of 2019, as shown by the company's financial statements

Profits reached AED 31.695 million, compared with AED 43.371 million over the corresponding quarter in 2018.

Total revenue for Q3-19 amounted to AED 397.479 million, while total assets came in AED 1.396 billion as of 30 September, according to a bourse filing on Tuesday.

During the first half of 2019, GMPC’s net profit dropped to AED 23.11 million from AED 39.92 million in the year-ago period.