Aldawaa Medical Services Co. reported a net profit after Zakat and tax of SAR 215.9 million for the first nine months of 2022, an increase of 27%, compared to SAR 170.07 million in the year-earlier period.
| Item | 9m 2021 | 9m 2022 | Change |
|---|---|---|---|
| Revenues | 3,736.04 | 3,913.94 | 4.8 % |
| Gross Income | 1,361.32 | 1,485.91 | 9.2 % |
| Operating Income | 192.07 | 243.95 | 27.0 % |
| Net Income | 170.07 | 215.94 | 27.0 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 2.00 | 2.54 | 27.0 % |
The company cited a 4.8% year-on-year (YoY) increase in revenue, and stronger gross and operating profits, in addition to improved sales.
| Item | Q3 2021 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 1,259.56 | 1,308.93 | 3.9 % |
| Gross Income | 451.39 | 484.94 | 7.4 % |
| Operating Income | 50.81 | 82.69 | 62.7 % |
| Net Income | 38.29 | 48.15 | 25.7 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.45 | 0.57 | 25.7 % |
| Item | Q2 2022 | Q3 2022 | Change |
|---|---|---|---|
| Revenues | 1,310.19 | 1,308.93 | (0.1 %) |
| Gross Income | 506.79 | 484.94 | (4.3 %) |
| Operating Income | 90.55 | 82.69 | (8.7 %) |
| Net Income | 80.67 | 48.15 | (40.3 %) |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.95 | 0.57 | (40.3 %) |
Q3 2022 net profit after Zakat and tax increased 26% YoY to SAR 48.2 million, from SAR 38.29 million in a prior-year period, on a 4% YoY rise in revenue, 37% YoY higher gross profit, a 6.3% YoY growth in operating profit and stronger sales.
On a sequential basis, net profit dropped 40.3% from SAR 80.67 million.
Total shareholders’ equity, excluding minority rights, reached SAR 1.025 billion as of Sept. 30, 2022, compared to SAR 1.059 billion in prior-year period.
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