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.