Money and business
The profits of “Al -Mouwasat” decreased to 645.76 million riyals in 2024
The profits of Al -Mawawat Medical Services Company decreased in 2024 by 1.8% to 645.76 million riyals, compared to 657.69 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, that decrease is due to:
1- The rise in some of the costs of cost and expenses compared to the previous year, driven by the increase in the operational pace of the Mouwahoua Center in Al-Madinah Al-Munawwarah for rehabilitation and extended care, which led to a decrease in the margin of the total profit during the year 2024, when it reached 44.8%, while the margin of the total profit of the year 2023 m 48.5%.
2- The high hedges related to customer balances compared to the previous year.
According to the company’s statement on Saudi Arabia’s circulation, that decrease is due to:
1- The rise in some of the costs of cost and expenses compared to the previous year, driven by the increase in the operational pace of the Mouwahoua Center in Al-Madinah Al-Munawwarah for rehabilitation and extended care, which led to a decrease in the margin of the total profit during the year 2024, when it reached 44.8%, while the margin of the total profit of the year 2023 m 48.5%.
2- The high hedges related to customer balances compared to the previous year.
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