15 Hrs
Source:
الاقتصادية
Saudi Dallah profits fall 20% in Q2
Dallah Healthcare Services Company in Saudi Arabia experienced a 20% decline in profits in the second quarter of the year, recording 100 million SAR. Despite this, revenues increased by 4.3% to reach 1.11 billion SAR. The decrease in profitability is attributed to higher financing costs and operational expenses related to the Mena Emergency Hospital during the Hajj season, along with the impact of some non-recurring items. The results also showed that the company grew its revenues by 11.9% over the first half of the year. It announced its intention to use the proceeds from selling its stake to reduce debt and support its financial performance in the future.
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