Aldawaa Medical Services Co. reported a net profit of SAR 329.2 million for 2023, an increase of 8% from SAR 305.4 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 5,372.24 | 5,741.36 | 6.9 % |
| Gross Income | 2,019.60 | 2,106.62 | 4.3 % |
| Operating Income | 374.35 | 479.39 | 28.1 % |
| Net Income | 305.45 | 329.22 | 7.8 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 3.59 | 3.87 | 7.8 % |
This was propelled by the company’s positive sales momentum, which led to a year-on-year (YoY) rise of 4.3%, or SAR 87 million, in gross profit, in addition to its effective asset management and cost control. It also cited a 24.2% YoY hike in operating profit.
Q4 2023 net profit rose 3% YoY to SAR 92.4 million, from SAR 89.51 million in the prior-year period.
On a quarterly basis, net profit grew 29.6% from SAR 71.28 million.
| Item | Q4 2022 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 1,458.30 | 1,458.09 | 0.0 % |
| Gross Income | 533.69 | 525.09 | (1.6 %) |
| Operating Income | 130.39 | 140.39 | 7.7 % |
| Net Income | 89.51 | 92.35 | 3.2 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 1.05 | 1.09 | 3.2 % |
| Item | Q3 2023 | Q4 2023 | Change |
|---|---|---|---|
| Revenues | 1,438.95 | 1,458.09 | 1.3 % |
| Gross Income | 520.91 | 525.09 | 0.8 % |
| Operating Income | 101.99 | 140.39 | 37.7 % |
| Net Income | 71.28 | 92.35 | 29.6 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.84 | 1.09 | 29.6 % |
Total shareholders’ equity, no minority interest, stood at SAR 1.31 billion by Dec. 31, 2023, compared to SAR 1.09 billion a year earlier.
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