Riyadh – Mubasher: Dallah Healthcare Company (DHC) on Tuesday announced gaining SAR 7 million in net profits for the three-month period ended on 30 June 2020, posting a 54.25% annual plunge.
The decrease in the second quarter earnings resulted from a significant drop in Dallah’s operating levels due to the preventive measures taken by the company and Saudi Arabia to stop the COVID-19 outbreak. This contributed to lower revenue and operating profits, according to a filing to the Saudi bourse.
In addition, expected credit loss provision fell and financing costs slumped.
Moreover, the firm’s general and administrative expenses, as well as selling and distribution expenses were contained and cut.
Revenue registered SAR 247.6 million in the period between April and June of the year from SAR 286 million, a yearly decline of 13.43%.
