Riyadh – Mubasher: Al Hammadi Company for Development and Investment reported a 3.54% increase in net profits after zakat and tax to SAR 92.99 million in 2019, compared to SAR 89.81 million in 2018.

The rise in net profits resulted from higher revenues driven by an increase in the number of outpatient visits and inpatient admissions, according to the company’s financial results for 2019.

At the same time, the company’s revenues jumped by 9.005% to SAR 974.06 million last year from SAR 893.59 million in 2018.

The earnings per share (EPS) settled at SAR 0.77 in 2019, up from SAR 0.75 during the previous year.

It is noteworthy to mention that during the third quarter of 2019, the company’s net profits after zakat and tax went down by 0.65% to SAR 21.17 million from SAR 21.31 million in the same quarter of 2018.