Riyadh – Mubasher: Middle East Healthcare Company (Saudi German Hospital) registered net profits after Zakat and tax worth SAR 14.35 million in the third quarter (Q3) of 2021. This marked a year-on-year (YoY) decline of 58.8% from SAR 34.91 million.

Revenues went up 1% to SAR 498.73 million in Q3-21 from SAR 492.13 million in Q3-20, according to the interim financial results on Sunday.

On a quarterly basis, the net profits in Q3-21 were 57% higher than SAR 9.14 million in Q2-21, and the revenues grew by 9% from SAR 456.57 million.

During the first nine months of 2021, the medical company’s net profits plunged by 50.8% YoY to SAR 35.59 million from SAR 72.45 million.

Earnings per share went down to SAR 0.39 at the end of September this year from SAR 0.79 in the same period a year ago.

Revenues increased by 5.5% YoY to SAR 1.37 billion in January-September 2021 from SAR 1.3 billion.