Mouwasat 9M 2020 net profit jumps 33% to SAR 384.9 mln

05/11/2020 Argaam Exclusive

Mouwasat Medical Services Co. reported a net profit after Zakat and tax of SAR 384.9 million for the first nine months of 2020, a 32.5% increase, compared to SAR 290.6 million the year-earlier.

 

The profit increase was attributed to a 12% growth in revenue, positive contribution from Khobar branch and a decrease in the financing cost.



Financials (M)

Item 9m 2019 9m 2020 Change‬
Revenues 1,352.17 1,511.44 11.8 %
Gross Income 599.16 711.08 18.7 %
Operating Income 330.81 427.49 29.2 %
Net Income 290.56 384.86 32.5 %
Average Shares 200.00 200.00 -
EPS (Riyals) 1.45 1.92 32.5 %

In Q3 2020, net profit after Zakat and tax rose 73% year-on-year (YoY) to SAR 161.1 million due to a 24% rise in revenue and a decline in financing costs.

 

 

On a sequential basis, Q3 2020 net profit rose 39%.



Current Quarter Comparison (M)

Compared With The
Item Q3 2019 Q3 2020 Change‬
Revenues 443.29 549.06 23.9 %
Gross Income 193.64 271.52 40.2 %
Operating Income 104.74 173.32 65.5 %
Net Income 93.04 161.10 73.2 %
Average Shares 200.00 200.00 -
EPS (Riyals) 0.47 0.81 73.2 %

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Share Price

Mouwasat Medical Services Co.
94.10
(0.90) (0.95 %)

Mouwasat Medical Services Co. (MOUWASAT)

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Financial Ratios
Current
Market Cap (M Riyal) 18,820.00
Enterprise Value (EV) (M) 19,640.65
Shares Outstanding ((M)) 200.00
EPS ( Riyal) (TTM) 3.32
Book Value (BV) ( Riyal) 16.26
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 28.31
P/E (TTM) 28.31
Price/book 5.79
Return on Average Assets (%) (TTM) 13.4
Return on Average Equity (%) (TTM) 21.5
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