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Medicare Group, which runs Al Ahli Hospital, has registered a 12% jump in January-September 2015 net profit to QR128.81mn on the back of strong core earnings.Operating income rose 18% to QR436.35mn but operating costs grew faster at 22% to QR232.69mn; yet translating as a 14% jump in gross profit to QR203.66mn, according to its financial statement.
Income from deposits with Islamic banks expanded 4% to QR0.05mn and other income by 9% to QR14.41mn.
General and administrative expenses shot up 13% to QR70.01mn and the company also incurred finance cost of QR0.95mn.Total assets were valued at QR1.11bn comprising current assets of QR0.35bn and non-current assets of QR0.76bn.
Total shareholders’ equity stood at QR915.57mn on a capital base of QR281.44mn and earnings-per-share was QR4.58 at the end of September 30, 2015.
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