Abu Dhabi – Mubasher: The net profits attributable to the owners of Gulf Medical Projects Company (GMPC) hit AED 16.82 million in the first quarter (Q1) of 2024, an annual rise from AED 13.21 million.

Revenues climbed year-on-year (YoY) to AED 167.05 million in Q1-24 from AED 135.95 million, according to the financial results.

Basic earnings per share (EPS) hit AED 0.02 in the first three months (3M) of 2024, up from AED 0.01 during the same period in 2023.

Total assets stood at AED 1.31 billion as of 31 March 2024, down from AED 1.35 billion at the end of December 2023.

In 2023, GMPC witnessed YoY higher net profits at AED 75.22 million, compared to AED 43.52 million a year earlier.