AME profit jumps 44% to SAR 22.2 mln in H1 2023

21/08/2023 Argaam Exclusive

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Share Price

AME Company for Medical Supplies
60.00
(0.40) (0.66 %)

AME Company for Medical Supplies (AME)

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AME Company for Medical Supplies reported a net profit leap of 44% to SAR 22.2 million in the first half of 2023 from SAR 15.4 million in the prior-year period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 108.35 120.34 11.1 %
Gross Income 48.86 55.69 14.0 %
Operating Income 17.25 24.02 39.2 %
Net Income 15.38 22.20 44.4 %
Average Shares 7.00 7.00 -
EPS (Riyals) 2.20 3.17 44.4 %

The higher profit was driven by a rise of SAR 11.99 million in medical equipment sales.



Current Quarter Comparison (M)

Compared With The
Item Q2 2022 Q2 2023 Change‬
Revenues 54.06 54.17 0.2 %
Gross Income 26.64 25.18 (5.5 %)
Operating Income 10.28 9.75 (5.2 %)
Net Income 9.51 9.19 (3.3 %)
Average Shares 7.00 7.00 -
EPS (Riyals) 1.36 1.31 (3.3 %)

Shareholders’ equity, no minority interest, reached SAR 115.55 million as of June 30, 2023, up from SAR 96.54 million a year earlier.

 

                                                                    Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2020

44.66

4.18

0.60

H2 2020

76.94

16.89

2.41

H1 2021

69.78

7.50

1.07

H2 2021

81.61

13.72

1.96

H1 2022

108.35

15.38

2.20

H2 2022

84.82

11.30

1.61

H1 2023

120.34

22.20

3.17

 

View More Financial Results

 

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