RIYADH: Aldawaa Medical Services Co. saw its profits soar 27 percent during the first half of 2022 as a result of higher sales.
In line with profits, Aldawaa’s board proposed a half-year cash dividend payout of SR106 million ($28 million) at SR1.25 per share, bourse filings show.
The pharma operator’s profits hit SR168 million during the first half, compared to SR131 million in the year-prior period.
The company attributed the improved figures to the opening of new branches, which led to higher sales.
Its sales and revenues exceeded SR2.6 billion during the six-month period.
