Dallah Healthcare Co. reported a net profit after Zakat and tax of SAR SAR 184.9 million for the first nine months of 2021, rising more than twofold from SAR 80 million in the same period last year.
| Item | 9m 2020 | 9m 2021 | Change |
|---|---|---|---|
| Revenues | 912.96 | 1,529.61 | 67.5 % |
| Gross Income | 306.16 | 537.46 | 75.6 % |
| Operating Income | 84.90 | 211.43 | 149.0 % |
| Net Income | 80.02 | 150.00 | 87.5 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.89 | 1.67 | 87.5 % |
The increase was attributed to higher sales volume due to an increase in Dallah Namar Hospital and Dallah Nakheel Hospital’s revenues.
The firm also cited an increase in the group’s income from affiliates and the consolidation of their results. Higher other income, and gains from acquisition of shares in subsidiaries also boosted the nine-month profit.
This was offset by an increase in the company’s loss share from Dr. Mohammed Al-Faqih Hospital, and an increase in Zakat expenses.
| Item | Q3 2020 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 350.79 | 544.12 | 55.1 % |
| Gross Income | 132.62 | 192.46 | 45.1 % |
| Operating Income | 50.51 | 69.95 | 38.5 % |
| Net Income | 53.78 | 49.85 | (7.3 %) |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.60 | 0.55 | (7.3 %) |
| Item | Q2 2021 | Q3 2021 | Change |
|---|---|---|---|
| Revenues | 490.83 | 544.12 | 10.9 % |
| Gross Income | 168.17 | 192.46 | 14.4 % |
| Operating Income | 68.57 | 69.95 | 2.0 % |
| Net Income | 47.54 | 49.85 | 4.9 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.53 | 0.55 | 4.9 % |
The healthcare provider reported a net profit after Zakat and tax of SAR 84.7 million in Q3 2021, a rise of 58% year-on-year (YoY), due to higher other income and gains from acquisition of shares in subsidiaries.
As compared to the previous quarter, net profit saw a rise of 78.2%.
Shareholders' equity, excluding minority rights, amounted to SAR 1.877 billion at the end of the current period, compared to SAR 1.552 billion in a year-ago period.
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