Aldawaa Medical Services Co. (DMSCO) reported a net profit of SAR 165.6 million in H1 2023, slightly declining from SAR 167.8 million in the year-earlier period.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 2,605.01 | 2,844.33 | 9.2 % |
| Gross Income | 1,000.97 | 1,060.62 | 6.0 % |
| Operating Income | 161.27 | 237.01 | 47.0 % |
| Net Income | 167.78 | 165.59 | (1.3 %) |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 1.97 | 1.95 | (1.3 %) |
The profit decline was attributed to lower other income year-on-year (YoY).
However, the company’s revenue rose 9.2% YoY, while gross profit increased 6% YoY in H1. Operating profit also rose 47% YoY to SAR 237 million.
| Item | Q2 2022 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 1,310.19 | 1,436.74 | 9.7 % |
| Gross Income | 506.79 | 525.64 | 3.7 % |
| Operating Income | 90.55 | 122.04 | 34.8 % |
| Net Income | 80.67 | 89.33 | 10.7 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.95 | 1.05 | 10.7 % |
| Item | Q1 2023 | Q2 2023 | Change |
|---|---|---|---|
| Revenues | 1,407.59 | 1,436.74 | 2.1 % |
| Gross Income | 534.98 | 525.64 | (1.7 %) |
| Operating Income | 116.00 | 122.04 | 5.2 % |
| Net Income | 76.25 | 89.33 | 17.2 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.90 | 1.05 | 17.2 % |
The company reported a net profit of SAR 89.3 million in Q2 2023, an 11% increase from SAR 80.67 million a year earlier on higher revenue, as well as gross and operating profits.
On a sequential basis, net earnings rose 17.2% from SAR 76.26 million in Q1 2023.
Total shareholders’ equity, no minority interest, stood at SAR 1.25 billion as of June 30, 2023, compared to SAR 1.08 billion in the prior-year period.
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