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FINANCIAL NEWS
Qatar’s Medicare Group logs USD26.34m profit for H1
21 Jul 2015
(MENAFN) Qatar’s Medicare Group recorded a net profit of around USD26.34 million for the first half of the year, marking an increase by 18 percent driven by sturdy core earnings, Gulf Times reported.
Operating income increased by 21 percent, reaching USD84.05 million. Operating costs also witnessed an increase by 22 percent and hit USD44.04 million. Hence, gross profit accumulated USD40 million, marking a 20 percent growth.
Other income increased 28 percent to around USD2.72 million; whereas income from deposits with an Islamic bank decreased by 35 percent, hitting USD0.16 million.
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