Medicare Group Profits in Q2, 2017 Rose 6.1%to QR 32.59 Million 

Earnings per share stood at QR 1.16
 
August 06, 2017  

Net profit for Medicare Group in the first half of the year rose 6.1% to GR 32.59 million compared to QR 30.69 million in the corresponding period last year. Earnings per share were GR 1.16 versus GR 1.09 in the corresponding period in 2016.

 
The Group Securities Comment:
 
Medicare Group total revenues from its operations stabilized at the level of GR 100.8 million with slight increase. Total expenses decreased by 4.6% to GR 74.5 million, of which GR 60.8 million is general and administrative expenses. After adding other revenue, net profit rose 6.2% to GR32.6 million. There was a decline in fair value worth GR 5.8 million reducing the comprehensive income to GR 26.8 million.