Financial Results : Dallah Healthcare net profit up 4% in FY2019

Dallah Healthcare net profit up 4% in FY2019

27/02/2020 Argaam Exclusive

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Dallah Healthcare Co. posted a net profit after Zakat and tax of SAR 146.9 million for the fiscal year (FY) 2019, around 4% year-on-year increase, as compared to SAR 141.8 million a year earlier.



Financials (M)

Item 2018 2019 Change‬
Revenues 1,180.94 1,252.09 6.0 %
Gross Income 436.34 447.85 2.6 %
Operating Income 145.59 154.39 6.0 %
Net Income 141.76 146.92 3.6 %
Average Shares 90.00 90.00 -
EPS (Riyals) 1.58 1.63 3.6 %

The company said in a bourse statement that the rise in profit is due to increase in patients’ numbers and revenues at the Dallah Namar Hospital and change in the nature of insurance contracts for some customers.

 

Besides, increase in contracts with the Ministry of Health and a higher profit from investments also contributed to the profit rise, the statement added.

 

The fourth quarter net profit surged to SAR 69.8 million, compared to SAR 32.5 million in Q4 2018.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 318.28 343.60 8.0 %
Gross Income 110.86 127.34 14.9 %
Operating Income 33.04 64.09 94.0 %
Net Income 32.47 69.79 115.0 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.36 0.78 115.0 %

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