Future Care H1 2024 net profit down 13% to SAR 5.1M

29/08/2024 Argaam Exclusive

Future Care Trading Co. posted SAR 5.1 million in net profit for H1 2024, a decline of 13% from SAR 5.9 million a year ago.



Financials (M)

Item 6m 2023 6m 2024 Change‬
Revenues 23.04 24.96 8.4 %
Gross Income 11.61 9.98 (14.0 %)
Operating Income 5.50 3.55 (35.4 %)
Net Income 5.89 5.15 (12.6 %)
Average Shares 500.00 500.00 -
EPS (Halala) 1.18 1.03 (12.6 %)


Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 23.04 24.96 8.4 %
Gross Income 11.61 9.98 (14.0 %)
Operating Income 5.50 3.55 (35.4 %)
Net Income 5.89 5.15 (12.6 %)
Average Shares 500.00 500.00 -
EPS (Halala) 1.18 1.03 (12.6 %)

The company attributed the profit decline to a rise in payrolls due to the increase in the number of employees amid expansion in branches.

 

This came despite the rise in revenues following the signing of new contracts and expansion in the scope of clients with insurance firms.

 

Shareholders equity (no minority rights) amounted to SAR 78.8 million, compared to SAR 65.2 million in the prior-year period.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(Halala/share)

H1 2024

41.07

20.06

4.01

H2 2021

30.96

16.64

3.33

H1 2022

15.04

4.77

0.95

H2 2022

19.09

0.36

0.07

H1 2023

23.04

5.89

1.18

H2 2023

27.94

7.77

1.55

H1 2024

24.96

5.15

1.03
 

View More Financial Results

 

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Share Price

Future Care Trading Co.
10.34
0.00 0.00 %

Future Care Trading Co. (FUTURE CARE)

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Financial Ratios
Current
Market Cap (M Riyal) 5,170.00
Enterprise Value (EV) (M) 5,119.01
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 0.15
Par Value ( Halala) 10.00
Adjusted P/E (Last12) More than 100
Price/book 70.20
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