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MediCare Net Profit Rises by 12.4% to
QR40.75 Million in Q3 2018
October 16, 2018
MediCare net profit amounted to QR40.75
million, compared to QR36.25 million for the same period last
year, while its earnings per share recorded QR1.45 for the
period ended on 30/09/2018, versus QR1.29 for the corresponding
period of 2017.
The Group’s Comments:
Medicare’s revenues increased by 5% to
QR357.5 million, while operating expenses climbed by 9.5%, thus
the operating profit stabilized with a slight slip to QR140.4
million. Administrative and financial expenses decreased by 11%
to QR81.85 million. After adding other income from deposits and
others, and deducting depreciation expenses of QR23.5 million
and financing expenses of QR1.19 million, the result is a profit
increased by 12.4% to QR40.75 million in the nine months ending
on 30/9/2018.
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