36 million riyals in profits from “Medical Care” in 9 months

Mark
Written By Mark

Yesterday, Wednesday, after the Qatar Stock Exchange trading session, the Medical Care Group announced the company’s unaudited financial statements for the nine-month period ending on September 30, 2024. His Excellency Sheikh Abdullah bin Thani bin Abdullah Al Thani, Chairman of the Board of Directors of the Medical Care Group (P.S.C.) announced. Q), that the company achieved net profits from the beginning of the year until September 30, 2024, amounting to 36,030,250 Qatari riyals, compared to 50,389,091 Qatari riyals for the same period last year; This is after the company amortized the losses resulting from the suspension of services and the closure of the Al Wakra branch. Which (as we promised you in the middle of the year) led to a positive improvement in performance during the third quarter, and we hope that we will be able to extinguish all losses by the end of this year, God willing.
It is worth noting that the net profit from continuing operations (excluding the impact from Al Wakra) amounted to 70,126,158 Qatari riyals, compared to 58,946,091 Qatari riyals for the same period last year. That is, a growth of 19%, which reflects a significant improvement in performance during the period.
For his part, Mr. Khaled Al-Emadi, Group CEO of Medical Care and Al-Ahli Hospital, stated that the company is continuing to focus on an innovative and new model to increase the vertical and horizontal capacity in services, personnel and facilities to attract a wider segment of patients and visitors looking for health services with international quality, and this is what is included in the growth in the numbers and numbers of guests and visitors. Compared to the same period last year.
Mr. Al-Emadi reiterated that the company, as in the past year, has continued, thanks to God and the efforts of its employees, to improve growth and revenues, and is currently preparing to offer new services. There is an initiative with the private sector to obtain official approvals and meet the requirements of the Ministry of Health and the concerned authorities in the country to launch oncology and blood diseases services, which are currently limited to the Foundation. Hamad Medical.
Mr. Al Emadi concluded that this performance ultimately comes as a result of the solidarity of all employees, the spirit of one team, and the support and guidance of the Board of Directors.