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Al-Mousa Q2 profits fall to 38.5M Riyals
Mūsų Medical Company's profits declined by 43.38% in the second quarter of 2026, with net profit reaching 38.5 million riyals compared to 68 million riyals in the same period last year. This came despite a 16.22% increase in revenues to 405.6 million riyals, driven by growth in patient numbers and expansion of medical services. The report explained that the annual profit decline was due to non-cash losses from changes in the value of derivative financial instruments, along with higher administrative expenses linked to opening new medical centers. Nevertheless, the company recorded its highest quarterly revenues in history, and shareholders’ equity rose by 2.8% to 1.96 billion riyals. The board of directors also distributed a cash dividend of 0.25 riyals per share for the same quarter. Additionally, the results for the first half of 2026 showed a 54.07% decrease in net profit to 62.1 million riyals, despite a 12.2% increase in revenues to 753.9 million riyals.
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