Future Vision’s profits down 12% to SAR 689,000 in H1 2024

06/03/2025 Argaam Exclusive

Future Vision for Health Training Co., which is under listing for an IPO on Nomu, reported a profit decline of 12% to SAR 689,000 in the first half of 2024, compared to SAR 786,000 in H1 2023.



Current Half Annual Comparison (M)

Compared With The
Item H1 2023 H1 2024 Change‬
Revenues 7.48 7.15 (4.5 %)
Gross Income 3.91 3.58 (8.4 %)
Operating Income 0.98 0.82 (15.8 %)
Net Income 0.79 0.69 (12.3 %)
Average Shares 8.00 8.00 -
Earnings Per Share before unusual items (Riyals) 0.10 0.09 (12.3 %)
EPS (Riyals) 0.10 0.09 (12.3 %)

The company attributed the profit decline to a decrease in revenue for the current period, which fell to SAR 7.15 million from SAR 7.48 million a year ago.

 

Additionally, the gross profit margin declined to 50%, down from 52% in H1 2023, due to an increase in the cost-to-revenue ratio to 50%.

 

The operating profit margin also dropped to 11.5% in H1 2024, compared to 13% in H1 2023, despite a reduction in general and administrative expenses.

 

Meanwhile, EBITDA increased to SAR 1.3 million in the current period, up from SAR 1.2 million in the year-ago period.

 

Total shareholders’ equity (after minority interest) grew to SAR 10.33 million by the end H1 2024, versus SAR 6.56 million in the same period of last year.

View other reports

Share Price

Future Vision for Health Training Co.


Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request