Mouwasat Q2 Profits Rise 22% to SAR 187 Mln

Mouwasat Medical Services Co. announced on Tuesday that its net profit rose to SAR 187 million during the second quarter, compared to SAR 153 million for the same period last year, a 22% increase.

Operational profit reached SAR 203 million, compared to SAR 176 million for the same quarter last year, a 15% rise.

During the current six-month period, the company recorded profits of SAR 384 million, compared to SAR 324 million for the same period last year, an increase of 18%.

Profits per share during this period reached SAR 1.92, compared to SAR 1.62 for the same period last year.