Canadian Medical Center profit up 11% to SAR 15.7 mln in 2022

19/03/2023 Argaam Exclusive

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Share Price

Canadian Medical Center Co.
6.83
(0.13) (1.87 %)

Canadian Medical Center Co. (CMCER)

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Canadian Medical Center Co. (CMCER) posted a net profit of SAR 15.7 million in 2022, an 11% increase from SAR 14 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 70.64 81.23 15.0 %
Gross Income 25.19 24.97 (0.9 %)
Operating Income 16.30 17.26 5.9 %
Net Income 14.06 15.65 11.3 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.18 0.20 11.3 %

The positive performance was driven by higher operating revenues and lower costs incurred compared to a year earlier.



Total shareholders’ equity, no minority interest, stood at SAR 87.01 million as of Dec. 31, 2022, compared to SAR 94.45 million a year earlier. 

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