Riyadh – Mubasher: The net profits of Mouwasat Medical Services Company climbed by 2.98% year-on-year (YoY) to SAR 171.58 million in the first quarter (Q1) of 2024 from SAR 166.61 million.

The revenues hit SAR 722.78 million in Q1-24, up 8.81% from SAR 664.22 million in January-March 2023, according to the initial financial statements.

Meanwhile, the earnings per share (EPS) grew YoY to SAR 0.86 as of 31 March 2024 from SAR 0.83.

Quarterly, the Q1-24 net profits dropped by 5.04% from SAR 180.69 million in Q4-23, while the revenues fell by 6.50% from SAR 773.06 million.

In 2023, the Saudi company logged 9.74% YoY higher net profits at SAR 657.69 million, versus SAR 599.30 million.