Aldawaa net profit up 28% to SAR 305.4 mln in 2022; Q4 at SAR 89.5 mln

21/03/2023 Argaam Exclusive

Aldawaa Medical Services Co. posted a net profit of SAR 305.4 million in 2022, a 28% increase from SAR 239.2 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 5,034.38 5,372.24 6.7 %
Gross Income 1,894.40 2,019.60 6.6 %
Operating Income 267.89 374.35 39.7 %
Net Income 239.15 305.45 27.7 %
Average Shares 85.00 85.00 -
EPS (Riyals) 2.81 3.59 27.7 %

The profit jump was driven by a 6.7% year-on-year (YoY) leap in revenue to SAR 337.9 million, buoyed by higher cash, online and insurance sales. This is along with an uptick in sales from the Wasfaty e-prescribing program.

 

Gross profit climbed from SAR 1.89 billion in 2021 to SAR 2.01 billion in 2022, with a profit margin of 37.6%. Further, operating profit grew by SAR 101.1 million, or 37.7% YoY, to SAR 369 million last year.

 

The fourth-quarter net profit rose 30% YoY to SAR 89.51 million from SAR 69.08 million a year earlier.

 

Sequentially, net profit rose 85.9% from SAR 48.15 million in Q3 2022.



Current Quarter Comparison (M)

Compared With The
Item Q4 2021 Q4 2022 Change‬
Revenues 1,298.34 1,458.30 12.3 %
Gross Income 533.08 533.69 0.1 %
Operating Income 75.82 130.39 72.0 %
Net Income 69.08 89.51 29.6 %
Average Shares 85.00 85.00 -
EPS (Riyals) 0.81 1.05 29.6 %

Shareholders’ equity, no minority interest, stood at SAR 1.09 billion as of Dec. 31, 2022, compared to SAR 989.18 million a year earlier.

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Share Price

Aldawaa Medical Services Co.
77.20
0.10 0.13 %

Aldawaa Medical Services Co. (ALDAWAA)

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Financial Ratios
Current
Market Cap (M Riyal) 6,570.50
Enterprise Value (EV) (M) 7,128.97
Shares Outstanding ((M)) 85.00
EPS ( Riyal) (TTM) 4.22
Book Value (BV) ( Riyal) 16.65
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 18.32
P/E (TTM) 18.32
Price/book 4.64
Return on Average Assets (%) (TTM) 7.5
Return on Average Equity (%) (TTM) 27.4
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