Medicare Group reports 18% jump in H1 profit to QR96.02mn

21/07/2015 09:19 AST

Medicare Group has reported an 18% jump in net profit to QR96.02mn in the first six months of this year on the back of strong core earnings.

Operating income grew 21% to QR306.38mn but operating costs rose by 22% to QR160.54mn; yet translating as 20% expansion in gross profit to QR145.83mn, according to its financial statement filed with the Qatar Stock Exchange.

Other income surged 28% to QR9.93mn; while income from deposits with an Islamic bank fell 35% to QR0.6mn.

General and administrative expenses shot up 24% to QR48.22mn. The healthcare service provider also reported QR0.39mn as finance cost.

Total assets were valued at QR1.08bn comprising current assets of QR0.32bn and non-current assets of QR0.76bn.

Total equity stood at QR882.82mn on a capital base of QR281.44mn and earnings-per-share was QR3.41 at the end of June 30, 2015.


Gulf Times

News

Medicare Group achieves QR76mn net profit, up 26.6% y-o-y in 2025

18/02/2026

Medicare Group reported a QR76mn net profit by the end of 2025, with a 26.6% year-on-year (y-o-y) growth from QR60mn.

In a meeting presided over Tuesday by chaired by Medicare Group chairman

Gulf Times

Medicare Group's net profit at QR36.25m

12/10/2017

Medicare group has disclosed the interim financial statement for the period ended on September 30, 2017.

Statements posted on QE website showed that the net profit is QR36.25m compared to ne

The Peninsula

Masaieed Petrochemical net profit reduced to QR 102 million

22/04/2015

Mesaieed Petrochemical Holding Company disclosed the interim financial statement for the three month period ended March 31, 2015. The financial statements revealed a net profit of QR 102 Million in c

Qatar Exchange

Most Viewed Companies

Ticker Price Volume

Valuation

MCGS Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
QFLS 14.84 -0.06 (-0.41%)
ZHCD 13.84 0.01 (0.07%)
MERS 14.53 -0.01 (-0.07%)
BLDN 1.42 0.00 (0.00%)
MEZA 3.37 -0.01 (-0.30%)

Recent News

Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap