Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group generated SAR 192.25 million in net profits during the second quarter (Q2) of 2020, up 14.45% when compared with SAR 167.97 million in the same period last year.
The increase in Q2-20 profits is owed to a surge in revenues by SAR 45.82 million as a result of growth in all segments including hospitals and pharmacy, according to a bourse filing on Sunday.
Revenue for the April-June period in 2020 came in at SAR 1.203 billion, a rise of 3.96% from SAR 1.157 billion in the year-ago period.
Moreover, gross profit went up 7.52% in Q2-20 to SAR 359.86 million, the gross profit margin ratio was steady at 29.91% while operating income reached SAR 203.31 million and rose by 4.29%.
