Riyadh – Mubasher: Dallah Healthcare reported a 46.3% rise in net profit in the first quarter of 2017.
Profits reached SAR 85 million ($22.63 million) in Q1-17, up from SAR 58.1 million ($15.47 million) in the year-ago period.
The profit hike was attributed to higher total revenues, in addition to reducing some provisions estimated to receivables as a result of material cash collections from governmental authorities during the current quarter, according to a filing on Sunday.
Revenues increased 6.2% to SAR 302.8 million compared to SAR 285 million in the same period of the previous year.
