Earnings Report /
Saudi Arabia

Saudi German Hospital: Higher operating expenses drag net income

  • Revenue increased 1.3% yoy (+9.2% qoq) to SAR499mn and was in-line with our estimate

  • Gross profit remained flat yoy (+12.9% qoq) at SAR172mn and was in-line with our estimate

  • We believe, operating expenses growth was due to increased impairments related to accounts receivable

SNB Capital
7 November 2021
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