Financial Results : Saudi German Hospital net profit dips 43% to SAR 21.2 mln in H1 2021

Saudi German Hospital net profit dips 43% to SAR 21.2 mln in H1 2021

22/08/2021 Argaam Exclusive

View other reports

Middle East Healthcare Co. (Saudi German Hospital) reported a net profit after Zakat and tax of SAR 21.2 million for the first half of 2021, a drop of 43% from SAR 37.5 million a year earlier.

 

The profit decline was attributed to an increase in the cost of goods sold, higher general and administrative expenses as well as finance charges.



In Q2 2021, net profit after Zakat and tax fell by 44% to SAR 9.1 million from SAR 16.3 million in the year-ago period, due to higher general and administrative expenses and increased cost of goods sold.

 

On a quarterly basis, SGH’s net profit after Zakat and tax decreased by 24.4% from SAR 12.1 million on lower other income and increased finance charges.



View more financial results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.