Riyadh – Mubasher: Dallah Healthcare Company (DHC) reported a 39.4% year-on-year decline in profits during the first quarter of 2019.
DHC’s profits reached SAR 35.2 million in Q1-19, compared to SAR 58.1 million during Q1-18, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.
The company attributed the decline in Q1-19 profits to a rise in start-up operating expenses of Dallah-Namar hospital, combined with higher financing costs.
Quarter-on-quarter, the Saudi firm’s profits rose 8.3%, from SAR 32.5 million.
