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Saudi German Hospital profits up 3.5% in 2020

Saudi German Hospital profits up 3.5% in 2020
The growing annual profits were driven by higher revenue and lower cost of revenue.
SAUDI GERMAN HEALTH
4009
34.44% 93.30 23.90

Riyadh – Mubasher: The Middle East Healthcare Company’s (Saudi German Hospital) net profits grew by 3.5% yearly in 2020 to stand at SAR 100.98 million.

This growth in annual net earnings was driven by higher revenue and lower cost of revenue, according to a bourse filing on Sunday.

Revenue for the past year rose by 18.4% to SAR 1.77 billion, compared with SAR 1.5 billion a year earlier.