Twareat’s Profits Surge 66% to SAR 23.5 Million by End of 2024

Twareat Medical Care Company reported a net profit of SAR 23.5 million for the year ended 2024, up 66% from SAR 14 million in 2023, following the announcement of its annual financial results for the period ending December 31, 2024.

– Operating profit increased 59% to SAR 25 million, compared to SAR 16 million in the previous year.

– Total shareholders’ equity (excluding non-controlling interests) rose 31% to SAR 67 million, up from SAR 51 million in 2023.

– Earnings per share (EPS) stood at SAR 0.59, compared to SAR 0.35 in 2023.

The company attributed its 24% revenue growth (SAR 37 million) to the enhancement of its sales strategy, the acquisition of new service contracts in NEOM, Jubail, and Jafurah, and the expansion of medical services provided to existing clients.