The profit of “medicine” is 12.4% to 370 million riyals in 2024

The net profit of the Medicine for Medical Services, in 2024, increased by 12.4% to 370 million riyals, compared to 329.2 million riyals in 2023.
According to the company’s statement on Saudi Arabia’s circulation, the company achieved a net profit, as a result of growth in sales, which led to the increase in the total profit of 186.4 million riyals (9%) for the previous year 2023 AD.
The reasons included: control of expenses, which led to an increase in operating profits of 47.4 million riyals, at a rate of (10.2%).
The net profit increased in the fourth quarter of 2024 m by (12.4%), at a value of 11.5 million riyals for the same quarter of the previous year 2023 m, reaching 103.8 million riyals compared to a net profit of 92.3 million riyals in the same quarter of the previous year.
This is mainly due to the growth in sales, which led to the increase in the total profit of 57.5 million (10.9%) for the same quarter of the previous year 2023 AD, and the control of expenses, which led to an increase in operating profits of 12.7 million riyals and (10%) for the same quarter of the previous year 2023 AD.
The net profit increased in the fourth quarter of 2024 m by (38.3%), at a value of 28.7 million riyals from the previous quarter of 2024.
This is mainly due to the increase in sales, which led to the increase in the total profit by 12.4 million (2.2%) over the previous quarter 2024 AD, and the control of expenses, which led to an increase in operational profits of 28.8 million riyals and (26.2%) for the previous quarter of 2024 AD.