Middle East Healthcare Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )
Middle East Healthcare Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )
| Introduction | |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Decrease in net profit for the current quarter compared to the same quarter of the last year is due to: - Due to the opening of new facilities Makkah Hospital, Hai Jama Hospital and Abha Clinic operating cost is increased. - Financial charges also increased due to utilization of loan facilities. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | Increase in net profit for the current quarter compared to the previous quarter is due to: - Due to case mix and ramping-up of Hai Jama in Jeddah and Abha Clinics in Aseer. And also due to Ramadan and Eid holidays was in 2022Q2 - Due to control over administrative, selling and marketing expenses compared to previous quarter. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | Increase in net profit for the current nine months period compared to the same period of last year is due to: - There is increase in revenue due to the revised prices with key customer and case mix. - Due to control over administrative expenses. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | N/A |
| Reclassification of Comparison Items | N/A |