National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 33.2 million for the first quarter of 2020, a 11% year-on-year (YoY) increase, compared to SAR 30 million in the same period last year.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 179.43 | 195.02 | 8.7 % |
| Gross Income | 48.01 | 52.22 | 8.8 % |
| Operating Income | 30.31 | 36.28 | 19.7 % |
| Net Income | 29.99 | 33.17 | 10.6 % |
| Average Shares | 44.85 | 44.85 | - |
| EPS (Riyals) | 0.67 | 0.74 | 10.6 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 185.52 | 195.02 | 5.1 % |
| Gross Income | 39.27 | 52.22 | 33.0 % |
| Operating Income | 22.88 | 36.28 | 58.6 % |
| Net Income | 19.64 | 33.17 | 68.9 % |
| Average Shares | 44.85 | 44.85 | - |
| EPS (Riyals) | 0.44 | 0.74 | 68.9 % |
The increase can be attributed to increase in revenue by 9%, reduction in provision for expected credit losses, and a net profit margin of 17%.
When compared to the previous quarter, Q1 net profit increased 68.8% due to increase in revenue by 5%, higher gross profit margin, and lower general and administrative expenses.
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}}