Canadian Medical Center reported a net profit and Zakat and tax of SAR 5 million in the first six months of 2021, down 41% from SAR 8.4 million in the same period a year ago.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 29.83 | 30.18 | 1.2 % |
| Gross Income | 12.22 | 12.39 | 1.4 % |
| Operating Income | 8.72 | 6.51 | (25.4 %) |
| Net Income | 8.40 | 4.96 | (40.9 %) |
| Average Shares | 77.00 | 77.00 | - |
| EPS (Riyals) | 0.11 | 0.06 | (40.9 %) |
The profit drop is attributed to one-off start-up costs for the new Saudi Aramco project which started operations on July 1, 2021, and listing costs in the parallel market, including costs for financial and legal advisors.
Total revenues increased 1.18% to SAR 30.1 million in H1 2021 compared to SAR 29.8 million in the same period a year ago.
Total shareholders' equity stood at SAR 97 million in H1 2021 compared to SAR 14.5 million in the same period a year earlier, although there are no minority rights.
Net income and comprehensive income amounted to SAR 4.7 million in H1 2021 compared to SAR 8.5 million in the same period a year ago.
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