Dallah’s net profit soars 57% in 9M 2016

18/10/2016 Argaam Exclusive

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Dallah Healthcare Holding Co.’s net profit jumped 57 percent year-on-year for the first nine months of 2016 to SAR 173.8 million on higher revenue on an increase in walk-in patients and opening and operating its North Clinic building, despite higher general and administrative expenses.

Financials (M)

Item	9m 2015	9m 2016	Change‬
Revenues	709.55	846.55	19.3 %
Gross Income	290.94	384.69	32.2 %
Operating Income	101.74	173.04	70.1 %
Net Income	110.46	173.01	56.6 %
Average Shares	90.00	90.00	-
EPS (Riyals)	1.23	1.92	56.6 %

Net profit for third quarter more than doubled to SAR 61.1 million when compared to the same period last year, driven by higher revenue and profit from selling investments.

Q3 profit jumped 12.3 percent when compared to the previous quarter on higher revenue, despite lower operating profit.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2015	Q3 2016	Change‬
Revenues	223.93	273.17	22.0 %
Gross Income	87.92	122.38	39.2 %
Operating Income	26.37	51.80	96.4 %
Net Income	26.78	60.80	127.0 %
Average Shares	90.00	90.00	-
EPS (Riyals)	0.30	0.68	127.0 %

Item	Q2 2016	Q3 2016	Change‬
Revenues	288.35	273.17	(5.3 %)
Gross Income	129.78	122.38	(5.7 %)
Operating Income	59.34	51.80	(12.7 %)
Net Income	54.14	60.80	12.3 %
Average Shares	90.00	90.00	-
EPS (Riyals)	0.60	0.68	12.3 %

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-
2009	513.86	-	155.79	-	73.83	-
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	104.78	-	36.90	-	18.24	-
Q4 2010	120.09	-	39.97	-	17.35	-
2010	472.52	(8.0 %)	169.83	9.0 %	88.85	20.4 %
Q1 2011	129.97	-	49.69	-	30.24	-
Q2 2011	139.34	-	50.86	-	26.45	-
Q3 2011	115.44	10.2 %	37.37	1.3 %	16.67	(8.6 %)
Q4 2011	142.59	18.7 %	51.97	30.0 %	27.94	61.0 %
2011	527.34	11.6 %	189.89	11.8 %	101.30	14.0 %
Q1 2012	154.04	18.5 %	72.82	46.5 %	38.00	25.7 %
Q2 2012	161.32	15.8 %	73.73	45.0 %	38.16	44.2 %
Q3 2012	142.26	23.2 %	59.00	57.9 %	22.41	34.4 %
Q4 2012	179.43	25.8 %	81.51	56.9 %	32.18	15.2 %
2012	636.86	20.8 %	286.87	51.1 %	130.75	29.1 %
Q1 2013	183.73	19.3 %	84.40	15.9 %	38.39	1.0 %
Q2 2013	187.79	16.4 %	80.68	9.4 %	30.19	(20.9 %)
Q3 2013	167.08	17.4 %	66.67	13.0 %	21.95	(2.0 %)
Q4 2013	211.05	17.6 %	95.71	17.4 %	48.06	49.3 %
2013	749.65	17.7 %	327.45	14.1 %	137.53	5.2 %
Q1 2014	207.57	13.0 %	87.60	3.8 %	39.73	3.5 %
Q2 2014	219.45	16.9 %	93.78	16.2 %	33.46	10.8 %
Q3 2014	192.79	15.4 %	75.36	13.0 %	21.67	(1.3 %)
Q4 2014	240.08	13.8 %	103.54	8.2 %	50.24	4.5 %
2014	858.75	14.6 %	358.57	9.5 %	145.09	5.5 %
Q1 2015	240.40	15.8 %	102.13	16.6 %	39.67	(0.1 %)
Q2 2015	245.23	11.7 %	100.89	7.6 %	35.71	6.7 %
Q3 2015	223.93	16.2 %	87.92	16.7 %	26.37	21.7 %
Q4 2015	276.50	15.2 %	116.81	12.8 %	57.01	13.5 %
2015	985.44	14.8 %	407.14	13.5 %	160.78	10.8 %
Q1 2016	285.03	18.6 %	132.53	29.8 %	61.90	56.1 %
Q2 2016	288.35	17.6 %	129.78	28.6 %	59.34	66.2 %
Q3 2016	273.17	22.0 %	122.38	39.2 %	51.80	96.4 %

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	-	-	-	-	-	-
2009	513.86	-	155.79	-	73.83	-
2010	472.52	(8.0 %)	169.83	9.0 %	88.85	20.4 %
2011	527.34	11.6 %	189.89	11.8 %	101.30	14.0 %
2012	636.86	20.8 %	286.87	51.1 %	130.75	29.1 %
2013	749.65	17.7 %	327.45	14.1 %	137.53	5.2 %
2014	858.75	14.6 %	358.57	9.5 %	145.09	5.5 %
2015	985.44	14.8 %	407.14	13.5 %	160.78	10.8 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2007	-	-	-	-	-	-
Q2 2007	-	-	-	-	-	-
Q3 2007	-	-	-	-	-	-
Q4 2007	-	-	-	-	-	-
2007	-	-	-	-	-	-
Q1 2008	-	-	-	-	-	-
Q2 2008	-	-	-	-	-	-
Q3 2008	-	-	-	-	-	-
Q4 2008	-	-	-	-	-	-
2008	-	-	-	-	-	-
Q1 2009	-	-	-	-	-	-
Q2 2009	-	-	-	-	-	-
Q3 2009	-	-	-	-	-	-
Q4 2009	-	-	-	-	-	-
2009	66.04	-	0.73	-	69.04	0.77
Q1 2010	-	-	-	-	-	-
Q2 2010	-	-	-	-	-	-
Q3 2010	17.82	-	0.20	-	17.82	0.20
Q4 2010	24.33	-	0.27	-	24.33	0.27
2010	94.47	43.0 %	1.05	-	94.47	1.05
Q1 2011	35.25	-	0.39	-	35.25	0.39
Q2 2011	27.14	-	0.30	-	27.14	0.30
Q3 2011	15.49	(13.1 %)	0.17	-	15.49	0.17
Q4 2011	35.53	46.0 %	0.39	-	38.91	0.43
2011	113.40	20.0 %	1.26	-	116.79	1.30
Q1 2012	37.96	7.7 %	0.42	-	37.96	0.42
Q2 2012	37.09	36.7 %	0.41	-	37.09	0.41
Q3 2012	23.94	54.5 %	0.27	-	23.94	0.27
Q4 2012	34.37	(3.3 %)	0.38	-	34.37	0.38
2012	133.36	17.6 %	1.48	-	133.36	1.48
Q1 2013	39.04	2.8 %	0.43	-	39.04	0.43
Q2 2013	23.64	(36.3 %)	0.26	-	23.64	0.26
Q3 2013	21.84	(8.7 %)	0.24	-	21.84	0.24
Q4 2013	52.11	51.6 %	0.58	-	52.11	0.58
2013	136.63	2.5 %	1.52	-	136.63	1.52
Q1 2014	40.50	3.7 %	0.45	-	40.50	0.45
Q2 2014	34.33	45.2 %	0.38	-	34.33	0.38
Q3 2014	21.94	0.5 %	0.24	-	21.94	0.24
Q4 2014	50.35	(3.4 %)	0.56	-	50.35	0.56
2014	147.12	7.7 %	1.63	-	147.12	1.63
Q1 2015	47.82	18.1 %	0.53	-	34.07	0.38
Q2 2015	35.86	4.4 %	0.40	-	35.86	0.40
Q3 2015	26.78	22.1 %	0.30	-	26.78	0.30
Q4 2015	54.60	8.4 %	0.61	-	54.60	0.61
2015	165.06	12.2 %	1.83	-	151.31	1.68
Q1 2016	58.07	21.4 %	0.65	-	60.09	0.67
Q2 2016	54.14	51.0 %	0.60	-	57.21	0.64
Q3 2016	60.80	127.0 %	0.68	-	51.39	0.57

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2006	-	-	-	-	-	-
2007	-	-	-	-	-	-
2008	-	-	-	-	-	-
2009	66.04	-	0.73	-	69.04	0.77
2010	94.47	43.0 %	1.05	-	94.47	1.05
2011	113.40	20.0 %	1.26	-	116.79	1.30
2012	133.36	17.6 %	1.48	-	133.36	1.48
2013	136.63	2.5 %	1.52	-	136.63	1.52
2014	147.12	7.7 %	1.63	-	147.12	1.63
2015	165.06	12.2 %	1.83	-	151.31	1.68

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
2009	30.32 %	18.58 %	13.44 %
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
2010	35.94 %	22.73 %	19.99 %
Q1 2011	-	-	-
Q2 2011	35.90 %	22.84 %	21.15 %
Q3 2011	35.24 %	22.42 %	20.24 %
Q4 2011	36.01 %	24.05 %	22.15 %
2011	36.01 %	24.05 %	22.15 %
Q1 2012	38.63 %	24.79 %	21.67 %
Q2 2012	41.14 %	25.88 %	22.58 %
Q3 2012	42.90 %	25.84 %	22.97 %
Q4 2012	45.06 %	25.05 %	20.93 %
2012	45.04 %	25.06 %	20.94 %
Q1 2013	44.79 %	24.18 %	20.16 %
Q2 2013	44.08 %	22.36 %	17.45 %
Q3 2013	43.63 %	21.80 %	16.56 %
Q4 2013	43.68 %	23.30 %	18.23 %
2013	43.68 %	23.16 %	18.23 %
Q1 2014	42.75 %	23.14 %	17.85 %
Q2 2014	42.69 %	22.94 %	18.48 %
Q3 2014	42.42 %	22.43 %	17.92 %
Q4 2014	41.90 %	22.11 %	17.11 %
2014	41.76 %	22.14 %	17.13 %
Q1 2015	41.98 %	21.38 %	15.76 %
Q2 2015	41.58 %	21.72 %	15.48 %
Q3 2015	41.54 %	21.77 %	15.49 %
Q4 2015	41.35 %	21.81 %	15.34 %
2015	41.32 %	22.03 %	15.35 %
Q1 2016	42.51 %	23.29 %	17.20 %
Q2 2016	43.49 %	24.24 %	18.50 %
Q3 2016	44.66 %	25.57 %	19.88 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	30.32 %	18.58 %	13.44 %
2010	35.94 %	22.73 %	19.99 %
2011	36.01 %	24.05 %	22.15 %
2012	45.04 %	25.06 %	20.94 %
2013	43.68 %	23.16 %	18.23 %
2014	41.76 %	22.14 %	17.13 %
2015	41.32 %	22.03 %	15.35 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	35.22 %	21.56 %	17.00 %
Q4 2010	33.28 %	18.14 %	20.26 %
Q1 2011	38.23 %	26.96 %	27.12 %
Q2 2011	36.50 %	24.01 %	19.47 %
Q3 2011	32.37 %	19.85 %	13.42 %
Q4 2011	36.44 %	24.82 %	27.29 %
Q1 2012	47.27 %	29.16 %	24.64 %
Q2 2012	45.71 %	28.00 %	22.99 %
Q3 2012	41.48 %	20.83 %	16.83 %
Q4 2012	45.43 %	22.23 %	19.16 %
Q1 2013	45.94 %	25.32 %	21.25 %
Q2 2013	42.96 %	20.75 %	12.59 %
Q3 2013	39.90 %	18.63 %	13.07 %
Q4 2013	45.35 %	27.52 %	24.69 %
Q1 2014	42.20 %	24.47 %	19.51 %
Q2 2014	42.73 %	20.38 %	15.64 %
Q3 2014	39.09 %	16.97 %	11.38 %
Q4 2014	43.13 %	25.78 %	20.97 %
Q1 2015	42.48 %	21.43 %	14.17 %
Q2 2015	41.14 %	21.75 %	14.62 %
Q3 2015	39.26 %	17.88 %	11.96 %
Q4 2015	42.25 %	25.38 %	19.75 %
Q1 2016	46.50 %	26.86 %	21.08 %
Q2 2016	45.01 %	25.49 %	19.84 %
Q3 2016	44.80 %	24.50 %	18.81 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
Q1 2007	-	-	-	-
Q2 2007	-	-	-	-
Q3 2007	-	-	-	-
Q4 2007	-	-	-	-
Q1 2008	-	-	-	-
Q2 2008	-	-	-	-
Q3 2008	-	-	-	-
Q4 2008	-	-	-	-
Q1 2009	-	-	-	-
Q2 2009	-	-	-	-
Q3 2009	-	-	-	-
Q4 2009	-	-	-	-
Q1 2010	-	-	-	-
Q2 2010	-	-	-	-
Q3 2010	90.00	-	-	3.67
Q4 2010	90.00	-	-	3.94
Q1 2011	90.00	-	-	4.29
Q2 2011	90.00	1.16	1.16	4.63
Q3 2011	90.00	1.14	1.14	4.80
Q4 2011	90.00	1.26	1.30	5.21
Q1 2012	90.00	1.29	1.33	5.66
Q2 2012	90.00	1.40	1.44	6.04
Q3 2012	90.00	1.49	1.53	6.31
Q4 2012	90.00	1.48	1.48	12.40
Q1 2013	90.00	1.49	1.49	12.83
Q2 2013	90.00	1.34	1.34	12.37
Q3 2013	90.00	1.32	1.32	12.64
Q4 2013	90.00	1.52	1.52	13.22
Q1 2014	90.00	1.53	1.53	13.75
Q2 2014	90.00	1.65	1.65	13.36
Q3 2014	90.00	1.65	1.65	13.65
Q4 2014	90.00	1.63	1.63	14.15
Q1 2015	90.00	1.72	1.56	14.74
Q2 2015	90.00	1.73	1.58	14.63
Q3 2015	90.00	1.79	1.63	14.86
Q4 2015	90.00	1.83	1.68	15.48
Q1 2016	90.00	1.95	1.97	16.15
Q2 2016	90.00	2.15	2.21	15.76
Q3 2016	90.00	2.53	2.48	16.26

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2006	-	-	-	-
2007	-	-	-	-
2008	-	-	-	-
2009	90.00	0.73	0.77	3.34
2010	90.00	1.05	1.05	3.94
2011	90.00	1.26	1.30	5.21
2012	90.00	1.48	1.48	12.40
2013	90.00	1.52	1.52	13.22
2014	90.00	1.63	1.63	14.15
2015	90.00	1.83	1.68	15.48

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2007	-	-	-
Q2 2007	-	-	-
Q3 2007	-	-	-
Q4 2007	-	-	-
Q1 2008	-	-	-
Q2 2008	-	-	-
Q3 2008	-	-	-
Q4 2008	-	-	-
Q1 2009	-	-	-
Q2 2009	-	-	-
Q3 2009	-	-	-
Q4 2009	-	-	-
Q1 2010	-	-	-
Q2 2010	-	-	-
Q3 2010	-	-	-
Q4 2010	-	-	-
Q1 2011	-	-	-
Q2 2011	-	-	-
Q3 2011	-	-	-
Q4 2011	-	-	-
Q1 2012	-	-	-
Q2 2012	-	-	-
Q3 2012	-	-	-
Q4 2012	25.26	25.26	3.02
Q1 2013	23.15	23.15	2.70
Q2 2013	26.26	26.26	2.85
Q3 2013	26.93	26.93	2.82
Q4 2013	26.15	26.15	3.00
Q1 2014	33.02	33.02	3.69
Q2 2014	33.91	33.91	4.19
Q3 2014	43.67	43.67	5.29
Q4 2014	45.25	45.25	5.23
Q1 2015	40.15	44.08	4.67
Q2 2015	45.84	50.27	5.43
Q3 2015	32.29	35.31	3.88
Q4 2015	27.26	29.73	3.23
Q1 2016	27.46	27.14	3.31
Q2 2016	28.54	27.81	3.89
Q3 2016	21.29	21.71	3.31

Period	P/E	Adjusted P/E	Price/book
2006	-	-	-
2007	-	-	-
2008	-	-	-
2009	-	-	-
2010	-	-	-
2011	-	-	-
2012	25.26	25.26	3.02
2013	26.15	26.15	3.00
2014	45.25	45.25	5.23
2015	27.26	29.73	3.23

Business Segments (Million)

Compared With The

Period	Medical Services	Medicine and Pharmaceutical Products
Q1 2011	118.62	11.35
Q2 2011	132.76	6.58
Q3 2011	110.16	5.99
Q4 2011	134.16	7.73
Q1 2012	141.87	12.17
Q2 2012	148.75	12.57
Q3 2012	133.35	8.91
Q4 2012	163.03	16.20
Q1 2013	169.97	13.76
Q2 2013	168.24	19.56
Q3 2013	158.17	8.92
Q4 2013	192.80	18.25
Q1 2014	195.44	12.12
Q2 2014	201.76	17.69
Q3 2014	177.26	15.52
Q4 2014	223.36	16.72
Q1 2015	224.02	16.38
Q2 2015	228.38	16.85
Q3 2015	215.41	8.52
Q4 2015	257.40	18.49
Q1 2016	276.15	8.88
Q2 2016	277.42	10.93
Q3 2016	265.04	8.13

Period	Medical Services	Medicine and Pharmaceutical Products
2010	445.44	27.08
2011	495.70	31.64
2012	587.00	49.85
2013	689.17	60.48
2014	797.83	62.05
2015	925.20	60.24

Analysts Estimates (Million)

Item	Q3 2016 (e)	Q3 2016 (a)	Change‬
Average	37.66	60.80	61.46 %

Estimates vs Actual (Million)

Item	Q3 2016 (e)	Q3 2016 (a)	Change
Alistithmar Capital	43.30	60.80	40.4 %
OSOOL AND BAKHEET	42.60	60.80	42.7 %
Al Rajhi Capital	40.00	60.80	52.0 %
Albilad Capital	39.00	60.80	55.9 %
AlJazira Capital	38.70	60.80	57.1 %
SFC	32.00	60.80	90.0 %
Sico	28.00	60.80	117.1 %

Financial Ratios

	Current
Market Cap (M Riyal)	15,628.80
Enterprise Value (EV) (M)	17,532.28
Shares Outstanding ((M))	97.68
EPS ( Riyal) (TTM)	3.94
Book Value (BV) ( Riyal)	34.02
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	40.61
P/E (TTM)	40.61
Price/book	4.70
Return on Average Assets (%) (TTM)	6.2
Return on Average Equity (%) (TTM)	11.9

Dallah Healthcare Co. (DALLAH HEALTH)

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Dallah’s net profit soars 57% in 9M 2016

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2016 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Dallah Healthcare Co. (DALLAH HEALTH)

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

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Dallah’s net profit soars 57% in 9M 2016

View other reports

Financials (M)

Current Quarter Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q3 2016

Revenue by Business Segment (Latest) 2016 Q3

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

Dallah Healthcare Co. (DALLAH HEALTH)

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Business Segments (Million)