Al-Modawat 2023 profit jumps 80% to SAR 18.6M

31/03/2024 Argaam Exclusive

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Share Price

Al-Modawat Specialized Medical Co.
133.00
0.60 0.45 %

Al-Modawat Specialized Medical Co. (ALMODAWAT)

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Al-Modawat Specialized Medical Co.’s net profit leapt 80% to SAR 18.6 million in 2023, from SAR 10.3 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 58.57 74.31 26.9 %
Gross Income 28.52 40.63 42.5 %
Operating Income 11.44 20.17 76.2 %
Net Income 10.31 18.59 80.3 %
Average Shares 1.90 1.90 -
EPS (Riyals) 5.43 9.79 80.3 %

The company posted higher revenues due to the opening of new departments such as neurology and the increase in the number of internists.



Total shareholders’ equity, no minority interest, stood at SAR 39.25 million by the end of 2023, compared to SAR 30.98 million a year before.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

25.30

3.64

1.92

H2 2022

33.27

6.67

3.51

H1 2023

37.18

10.93

5.75

H2 2023

37.13

7.66

4.03

 

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