RIYADH: Riyadh-listed company Dallah Healthcare has posted solid profit and revenues for the first quarter of 2022, mainly supported by an increase in patient occupancy rates.
Net profit surged by 59 percent to SR86.9 million ($23 million) and sales hit SR609 million, up 23 percent from the same period a year ago, the company said in a filing to Tadawul.
The growth in revenues came on the back of higher hospital admissions during the quarter.
The healthcare group also cited an improvement in operational efficiency when compared to last year, which led to a lower cost to revenue ratio.
