Yesterday, the Medicare Group announced the company’s financial statements for the first quarter of this year, for the period ending on March 31, 2023.
The Board of Directors of the Medical Care Group met yesterday afternoon, and after the Qatar Stock Exchange trading session, chaired by His Excellency Sheikh Abdullah bin Thani Al Thani, and discussed the company’s financial statements for the first quarter of the current year for the period ending March 31, 2023 and approved them.
The financial statements reflected the company’s net profit since the beginning of the year amounting to 18,810,300 riyals, and the earnings per share amounted to 0.07 riyals per share.
For his part, Mr. Khaled Al-Emadi, CEO of the Group for Medical Care and Al-Ahli Hospital, stated that the company was able, thanks to God, to achieve the aforementioned net profits through implementing the company’s development strategy and maintaining and developing the quality of services according to a plan that included increasing the capacity and technical capacity of services (quantity and quality) and also included the development of cadres medical, nursing, etc., renovating equipment and improving service facilities and patient rooms; This was reflected in a significant increase in the number of auditors, and the services and cadres evaluation system recorded a remarkable growth (thank God) with the confidence and level of satisfaction of auditors. On the other hand, we continue to implement the strategy of rationalizing expenditures, reducing administrative and general expenses, procurement, and diversifying sources without compromising the quality of services. Which reflected positively in this aspect and supported the achievement of net profits.
Mr. Al-Emadi added that the administration is moving forward with the implementation of the operational and strategic plan approved by the Board of Directors for the coming period, which will include a semi-comprehensive digital transformation, as well as an increase in the technical capacity for the diversity of medical services and the expansion of support facilities. At the end of his statement, Mr. Al-Emadi thanked the support of the Board of Directors and all employees and entities that participate in achieving this growth, including suppliers and others.
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