Emergency Services' profits rise 140% in H1 2026
Tawwammiat Medical Care Company announced a record growth in its profits during the first half of 2026, with profits increasing by 139.4% to reach 13.22 million SAR, compared to 5.52 million SAR the previous year. The company also recorded a 65.08% rise in revenue, achieving 149.76 million SAR, driven by the implementation of new projects and expanded healthcare service contracts in the Eastern Province, in addition to activating operational contracts at strategic locations. The company attributed this success to business expansion and the signing of contracts with Nobco, despite some pressures resulting from higher provisions for credit losses and financing costs, which partially limited net profits. Regarding the financial details, equity declined by 4.61% to 59.86 million SAR, and an unqualified review report was issued, confirming the accuracy of the financial statements and reorganization of comparison figures in accordance with International Financial Reporting Standards.
Notice: This Is an AI-Generated Summary
Comments (0)