Riyadh – Mubasher: Saudi Arabia-based National Medical Care Company announced that it has received SAR 283 million from its clients during January.
The healthcare provider said it has received SAR 210.33 million from one of its major clients on Tuesday, 30 January.
The firm collected SAR 72.71 million from its clients during January, according to a statement on Wednesday to the Saudi Stock Exchange (Tadawul).
Total receivables retreated 47.4% to SAR 313.53 million, from SAR 596.58 million on 31 December 2017.
National Care turned a profit in the fourth quarter of 2017, against losses in the same period a year before.
The company’s net profits hit SAR 30.67 million in Q4-17, against SAR 69.7 million net losses in the corresponding period in the prior year.
By 10:08 am KSA time, the stock rose 2.66% to SAR 51.
