Riyadh – Mubasher: Dallah Healthcare Company (DHC) on Sunday said its net profits increased by 22% year-on-year to SAR 63.1 million in the fourth quarter of 2017, from SAR 51.7 million.
Annually, the healthcare firm's profits jumped 31.29%, reaching SAR 295 million in 2017, compared to SAR 224.7 million during 2016, according to a statement to the Saudi Stock Exchange (Tadawul).
Earnings per share (EPS) amounted to SAR 5 in 2017 versus SAR 3.81 in the year before.
Dallah’s operating profit grew 33.33% to SAR 308 million last year, up from SAR 231 million in 2016.
Dallah Healthcare attributed the growth in its annual profits to a rise in revenues, improvement in the quality of services, and a decrease in general and administrative expenses.
“Selling and distribution expenses decreased significantly because of the restructuring of medicine distribution activities,” the statement added.
The stock inched down 0.24%, closing Thursday at SAR 110.72.
