Riyadh – Mubasher: Middle East Healthcare Company (MEAHCO), which operates under the brand name Saudi German Hospital, on Wednesday reported achieving a net profit of SAR 105.19 million ($28 million) for Q1-16, a minor decline of 0.19% from SAR 105.39 million ($28.10 million) in the same period a year ago.
The decline was due to a rise in general and administrative expenses, the company said in a bourse filing.
It added that total profit in Q1-16 was up 3.61% year-on-year due to increased visitors to outpatient clinics.
