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Mouwasat logs SAR 431m net profits in 9M

Mouwasat logs SAR 431m net profits in 9M
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Riyadh – Mubasher: Mouwasat Medical Services Company registered net profits after Zakat and tax worth SAR 431.19 million in the first nine months of 2021, higher by 12% year-on-year (YoY) from SAR 384.86 million.

Earnings per share went up to SAR 4.31 at the end of September 2021 from SAR 3.85 in the same period last year, according to the initial financial results on Sunday.

Revenues grew by 5% YoY to SAR 1.59 billion in January-September 2021 from SAR 1.51 billion.

In the third quarter (Q3) of 2021, the medical company posted 11% YoY lower profits at SAR 142.66 million from SAR 161.1 million.

Revenues shrank by 3% to SAR 530.98 million in Q3-21 from SAR 549.06 million in Q3-20.