Medicare Group Net Profit in 2016 Drop 63.9% to QR 65
Million
February 13,
2017
Medicare Group net profit reached QR65
million compared to QR180.3 million for the
same period of the previous year, 64%
decrease. Earnings per Share (EPS) amounted
to QR2.31 compared to QR 6.41 for the same
period of the previous year. The Board of
Directors of the company recommended
distributing a cash dividend of QR 3 per
share.
The Group's Comment
Medicare's net operational income increased by 34.1% to QR196.2 million
in 2016. Public and administrative expenses
increased by 7.5% to QR115.3 million. Adding
other sources of income, deducting
depreciation allowances, then the profit
posted this year drops by 63.9% to QR65.2
million; and comprehensive income falls to
63.2 million.