Naba Alsaha earns SAR 13M in H1 2024

25/08/2024 Argaam Exclusive
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Naba Alsaha Medical Services Co. reported a net profit of SAR 13 million in the first half of 2024, compared to SAR 27.8 million in H1 2023.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 81.84 96.27 17.6 %
Gross Income 33.63 31.53 (6.3 %)
Operating Income 18.66 14.69 (21.3 %)
Net Income 27.77 13.04 (53.0 %)
Average Shares 10.50 10.50 -
Earnings Per Share before unusual items (Riyals) 1.72 1.24 (28.0 %)
EPS (Riyals) 2.64 1.24 (53.0 %)
The lower profit was attributed to the one-off gains included on the acquisition of Al-Anwar Medical Hospital in Hail during H1 2023. Naba Alsaha opened new facilities at the newly-acquired hospital, which led the company to incur higher operating expenses. The positive financial impact of these expansions is expected to show in H1 2025.
Meanwhile, Naba Alsaha reported higher revenue on the increased inpatient and outpatient count, as well as the improved utilization rate.
Shareholders’ equity, no minority interest, reached SAR 193.13 million as of June 30, 2024, up from SAR 155.68 million a year earlier.
 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

56.56

14.23

2.03

H2 2021

61.12

11.60

1.66

H1 2022

62.90

15.39

2.20

H2 2022

66.78

11.53

1.65

H1 2023

81.84

27.77

2.64

H2 2023

100.51

24.61

2.34

H1 2024

96.27

13.04

1.24
 

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Share Price

Naba Alsaha Medical Services Co.
80.50
0.50 0.63 %

Naba Alsaha Medical Services Co. (NABA ALSAHA)

1 Day 0.63 % 5 Days 1.77 % 3 Months 1.90 % 6 Months (7.47 %) Year 18.91 % 2 Years 119.67 % 5 Years 129.69 % All 129.69 %
Created with Highstock 6.0.710:2010:3010:4010:5011:0011:1011:3011:4011:5012:0012:2012:3012:5013:0013:1013:3013:4013:5014:0014:1014:2014:3014:4014:5015:203838.138.238.338.438.538.638.7
Close : 38.60 | Mar 13, 15:20
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