Dr. Sulaiman Al Habib Medical Services Group (HMG) posted a 22% rise in H1 2022 net profit after Zakat and tax to SAR 788.6 million, from SAR 644.4 million in the year-earlier period.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 3,446.00 | 4,004.87 | 16.2 % |
| Gross Income | 1,100.44 | 1,329.44 | 20.8 % |
| Operating Income | 689.36 | 836.84 | 21.4 % |
| Net Income | 644.40 | 788.64 | 22.4 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 1.84 | 2.25 | 22.4 % |
The net profit was spurred by a 16.22% year-on-year (YoY) rise in revenue to SAR 4.004 billion amid continued growth in all segments. The revenue growth was primarily bolstered by the hospital segment, due to the increase in the number of patients and inpatient occupancy. This growth reflected positively on the pharmacy segment sales on an annual basis.
In Q2 2022, net profit after Zakat and tax climbed 22% to SAR 398.13 million from SAR 325.40 million in the prior-year period.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 1,751.21 | 2,014.01 | 15.0 % |
| Gross Income | 551.02 | 670.88 | 21.8 % |
| Operating Income | 339.73 | 414.75 | 22.1 % |
| Net Income | 325.40 | 398.13 | 22.4 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 0.93 | 1.14 | 22.4 % |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 1,990.86 | 2,014.01 | 1.2 % |
| Gross Income | 658.56 | 670.88 | 1.9 % |
| Operating Income | 422.09 | 414.75 | (1.7 %) |
| Net Income | 390.51 | 398.13 | 2.0 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 1.12 | 1.14 | 2.0 % |
When compared to Q1 2022, net profit grew by 2% from SAR 390.51 million.
Shareholders’ equity, after minority interest, rose 9.75% to SAR 5.593 billion as of June 30, 2022, from SAR 5.096 billion in the corresponding period last year
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