Naba Alsaha Medical Services Co. reported a net profit surge of 95% to SAR 52.4 million in 2023, compared to SAR 26.9 million in 2022.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 129.68 | 182.35 | 40.6 % |
| Gross Income | 51.64 | 73.77 | 42.9 % |
| Operating Income | 28.31 | 42.97 | 51.8 % |
| Net Income | 26.92 | 52.38 | 94.6 % |
| Average Shares | 10.50 | 10.50 | - |
| EPS (Riyals) | 2.56 | 4.99 | 94.6 % |
The profit increase was driven by a 40.6% or SAR 52.67 million increase in revenue to SAR 182.35 million compared to the previous period as income from outpatient clinics and inpatients rose by 14% and 31%, respectively, year-on-year (YoY).
In addition, Al-Anwar Medical Hospital reported a revenue of SAR 20.14 million.
Shareholders’ equity stood at SAR 180.09 million as of Dec. 31, 2023, compared to SAR 130.01 million a year earlier.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
56.56 |
14.23 |
1.36 |
|
H2 2021 |
61.12 |
11.60 |
1.10 |
|
H1 2022 |
62.90 |
15.39 |
1.47 |
|
H2 2022 |
66.78 |
11.53 |
1.10 |
|
H1 2023 |
81.84 |
27.77 |
2.64 |
|
H2 2023 |
100.51 |
24.61 |
2.34 |
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