AME Company for Medical Supplies (AME) reported a marginal rise of 0.7% in its 2021 net profit after Zakat and tax to SAR 21.2 million, from SAR 21.07 million a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 121.60 | 151.39 | 24.5 % |
| Gross Income | 55.28 | 69.55 | 25.8 % |
| Operating Income | 22.64 | 28.96 | 27.9 % |
| Net Income | 21.07 | 21.22 | 0.7 % |
| Average Shares | 7.00 | 7.00 | - |
| EPS (Riyals) | 3.01 | 3.03 | 0.7 % |
The medical equipment manufacturer attributed the slight increase in net profit to revenue growth as the sales of medical supplies and equipment increased by SAR 19.5 million and SAR 8.6 million year-on-year (YoY), respectively.
AME also reported a rise in other income on disposal of a fixed asset.
Shareholders' equity, excluding minority interest, increased to SAR 93.414 million in 2021, compared to SAR 63.548 million in 2020.
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