13 Hrs
Source:
مباشر
_1777294237270_124456903.png&w=64&q=75){kind=small}
Equipment Q3 profits rise
Dar Al Medical and Scientific Equipment Company’s net profit rose 11.69% year on year to SAR 8.6 million in the third quarter of 2026, despite falling 21.1% from the previous quarter. Revenue declined 1% to SAR 198.5 million. The company attributed the annual profit growth to a change in its policy for calculating the provision for slow-moving inventory, which boosted the profitability of its medical devices and equipment segment by SAR 3.1 million, as well as lower selling, marketing and administrative expenses. These gains were partly offset by higher provisions for expected credit losses and zakat, and a decline in miscellaneous revenue. For the first nine months of the year, net profit increased 0.36% to SAR 27.8 million, despite a 13.28% drop in revenue to SAR 602.5 million. Earnings per share stood at SAR 0.93.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)