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Mouwasat achieves 25% higher profits in 2020

Mouwasat achieves 25% higher profits in 2020
The company generated revenues of SAR 2.045bn
MOUWASAT
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Riyadh – Mubasher: The net profits after Zakat and tax of Mouwasat Medical Services Company (Mouwasat) rose by 25.42% to SAR 528 million in 2020 from SAR 421 million in 2019.

The company generated revenues of SAR 2.045 billion last year, up 10.12% from SAR 1.857 billion in 2019, according to a bourse filing on Sunday.

The earnings per share (EPS) settled at SAR 5.28 in 2020, against SAR 4.21 in the previous year.

It is noteworthy to mention that during the first nine months of 2020, the company's net profits grew by 32.45% to SAR 384.86 million from SAR 290.56 million in the year-ago period.