Riyadh – Mubasher: National Medical Care Company on Sunday reported a 36.86% year-on-year increase in net profit to SAR 57.88 million ($15.4 million) in the second quarter of 2016 from SAR 42.29 million ($11.28 million).
Profit growth was attributed to higher operations, operating efficiency and cost rationalisation, according to a bourse filing.
Amending contractual conditions with the General Organization for Social Insurance (GOSI) also contributed to the profit rise, which was expected to boost contract revenues by 20% in Q2-16.
The company’s net profit also rose 29.82% to SAR 90.89 million in the first six months of 2016 from SAR 70.01 million in H1-15.
