Middle East Healthcare Co. announces its Interim Financial Results for the Period Ending on 2022-09-30 ( Nine Months )

3 November 2022
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