Saudi Arabia: National Medical Care reports 13% drop in Q1 revenues

Despite a decline in revenues, National Medical Care, which operates two hospitals in Saudia Arabia, has reported a rise in profits for the first quarter of the year. Profits rose 17.1% to R30m (US$8m) on revenues that fell 13.2% to R179.4m. The increase in profits was thanks to cost savings and an improvement in gross…