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Healthcare LMS Market Drive Big Growth | SAP Litmos, Tovuti, Bridge, Saba Cloud

Healthcare LMS Market Drive Big Growth | SAP Litmos, Tovuti, Bridge, Saba Cloud
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Middle East Healthcare net profit halves as revenue drops

RIYADH: Saudi Arabia-listed Middle East Healthcare Co. said first-quarter net profit fell by almost half as revenue from a key client declined.
Net profit after zakat and tax slid 42.9 percent year on year to SR12.1 million ($3.2 million), the company, which operates the Saudi German Hospital brand, said in a filing to the Saudi stock exchange. Quarter-on-quarter profit fell 57.6 percent.
Profit per share was SR130,000 compared with SR230,000 a year earlier. Revenue was 4.1 percent lower year on year at SR418.4 million.
The company also cited continued losses at Dammam hospital of SR19.6 million for its lower net profit compared with the previous quarter. ....

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Weak Financial Prospects Seem To Be Dragging Down Middle East Healthcare Company (TADAWUL:4009) Stock

Weak Financial Prospects Seem To Be Dragging Down Middle East Healthcare Company (TADAWUL:4009) Stock
By
January 23, 2021
It is hard to get excited after looking at Middle East Healthcare s (TADAWUL:4009) recent performance, when its stock has declined 5.6% over the past three months. We decided to study the company s financials to determine if the downtrend will continue as the long-term performance of a company usually dictates market outcomes. Specifically, we decided to study Middle East Healthcare s ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. Put another way, it reveals the company s success at turning shareholder investments into profits. ....

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