Suleiman Al Habib: 8.6% increase in profits during 2019

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Arabian Business Egypt: The financial statements of Dr. Sulaiman Al Habib Medical Services Group showed, during the year 2019, that the net profit increased by 8.6%, compared to the company’s profits for the year 2018.

And the company confirmed in a statement on Tuesday on “Tadawul”, that the net profit after Zakat and Tax increased to 870.23 million riyals last year, compared to 801.31 million riyals for the previous year.

The company attributed the growth in net profits to the increase in revenues as a result of the growth in the hospital sector and the pharmacy sector, compared to a slight decrease in the solutions sector.

She said, that the growth in revenue is due to the increase in the number of patients, in all the current hospitals of the group, and with higher rates of growth in both Al Suwaidi Hospital and Al Khobar Hospital, as a result of the increase resulting from the operation of the group in the hospital in 2019.

And she pointed out that, income from operations increased to 867.7 million riyals in 2019, an increase of 66.2 million riyals, with a growth rate of 8.26%.

Today, Tuesday, March 17, the Saudi stock market (Tadawul) will receive shares of Sulaiman Al Habib Medical Services Group, within the health care sector.







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