Middle East Healthcare Co. announces its Interim Financial Results for the Period Ending on 2020-09-30 ( Nine Months )

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

1- There is increase in revenue due to increase in patient traffic and case mix

2- Decrease in cost of revenue due to effective procurement and patient case mix.

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

1- There is increase in revenue due to increase in patient traffic and case mix

2- Decrease in cost of revenue due to effective procurement and patient case mix.

Increase in net profit for the current nine-month period compared to the same period of last year is due to:

1- There is increase in revenue due to increase in patient traffic and case mix

2- Decrease in cost of revenue due to effective procurement and patient case mix.

Unmodified opinion
 

Certain figures of the previous year have been reclassified and regrouped to conform to the presentation as per International Financial Reporting Standard as endorsed in the Kingdom of Saudi Arabia.
 

Dammam hospital just started its operation and contribute losses to the extent of 46MSR for the nine months.