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Emergency services profits rise 140% in H1 2026
Twarieat Medical Care Company announced its financial results for the first half of 2026, recording a historic increase in profits of 139.4%, along with revenue growth of 65.08% to approximately 150 million Riyals compared to 91 million Riyals last year. This growth is attributed to the company's successful implementation of strategic projects, including a new contract with Nobco and the initiation of new medical service contracts in the Eastern Province, which boosted cash flows and profits. Despite the rise in profits, the financial position experienced a slight decline in equity by 4.61%, and the company faced some challenges in managing financing costs and anticipated credit losses. However, its results demonstrate strong performance and improved profitability indicators.
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