Canadian Medical Center’s H1 2022 net profit surges 60% to SAR 7.9 mln

21/08/2022 Argaam Exclusive

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

Canadian Medical Center Co. (CMCER)

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Canadian Medical Center Co. (CMCER) reported a net profit after Zakat and tax of SAR 7.9 million in H1 2022, an increase of 60% compared to nearly SAR 5 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 30.18 38.92 28.9 %
Gross Income 12.39 12.63 1.9 %
Operating Income 6.51 9.11 40.1 %
Net Income 4.96 7.94 59.9 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.06 0.10 59.9 %

The increase was mainly driven by higher operating revenue.



Total shareholders’ equity, excluding minority interest, stood at SAR 90.51 million as of June 30, 2022, compared to SAR 97 million in the year-earlier period.

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