Mouwasat Medical Services Co.’s net profit rose 14% to SAR 473.5 million for the first nine months of 2023, from SAR 413.9 million a year earlier.
| Item | 9m 2022 | 9m 2023 | Change |
|---|---|---|---|
| Revenues | 1,673.98 | 1,932.45 | 15.4 % |
| Gross Income | 772.93 | 918.51 | 18.8 % |
| Operating Income | 454.27 | 546.49 | 20.3 % |
| Net Income | 413.90 | 473.52 | 14.4 % |
| Average Shares | 200.00 | 200.00 | - |
| EPS (Riyals) | 2.07 | 2.37 | 14.4 % |
The improved results were buoyed by an increase in the number of outpatient visits and higher occupancy rates in inpatient departments. The company also cited the continued improved performance of newly specialized resources, and continuous enhancement of operating efficiency of the available resources.
| Item | Q3 2022 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 549.15 | 640.89 | 16.7 % |
| Gross Income | 247.06 | 298.16 | 20.7 % |
| Operating Income | 139.25 | 182.29 | 30.9 % |
| Net Income | 122.21 | 156.38 | 28.0 % |
| Average Shares | 200.00 | 200.00 | - |
| EPS (Riyals) | 0.61 | 0.78 | 28.0 % |
| Item | Q2 2023 | Q3 2023 | Change |
|---|---|---|---|
| Revenues | 627.34 | 640.89 | 2.2 % |
| Gross Income | 292.31 | 298.16 | 2.0 % |
| Operating Income | 171.55 | 182.29 | 6.3 % |
| Net Income | 150.54 | 156.38 | 3.9 % |
| Average Shares | 200.00 | 200.00 | - |
| EPS (Riyals) | 0.75 | 0.78 | 3.9 % |
In Q3 2023, net profit leapt 28% to SAR 156.4 million, from SAR 122.2 million in Q3 2022, driven mainly by an increase in the number of outpatient visits and higher occupancy rates in inpatient departments.
Compared to the previous quarter, Q3 net profit rose by 3.9% from SAR 150.5 million.
Shareholders’ equity, after minority interest, rose to SAR 3.09 billion as of Sept. 30, 2023, from SAR 2.74 billion in the year-ago period.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}