Middle East Healthcare Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Decrease in net profit for the current quarter compared to the same quarter of the last year is due to:

1- There is decline in revenue due to the decrease in volume of business with one of the key client.

2- Increase in cost of goods sold, general and administrative expenses compared to same quarter last year.

Decrease in net profit for the current quarter compared to the previous quarter is due to:

1- There is decline in revenue due to the decrease in volume of business with one of the key client.

2- Increase in cost of goods sold, general and administrative expenses compared to previous quarter.

3- Dammam hospital continued to achieve losses amounting to SAR 19.63 million in the first quarter.

4- Increase in credit loss provision compared to the previous quarter under the Covid-19 pandemic.

Unmodified conclusion

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