Financial Results : Dallah’s Q1 2020 net profit declines 46% to SAR 19.2 mln

Dallah’s Q1 2020 net profit declines 46% to SAR 19.2 mln

19/05/2020 Argaam Exclusive

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Dallah Healthcare Co. reported a net profit after Zakat and tax of SAR 19.2 million for the first quarter of 2020, down 46% year-on-year (YoY), compared to SAR 35.2 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 321.15 314.61 (2.0 %)
Gross Income 120.26 105.76 (12.1 %)
Operating Income 41.24 26.42 (35.9 %)
Net Income 35.17 19.24 (45.3 %)
Average Shares 90.00 90.00 -
EPS (Riyals) 0.39 0.21 (45.3 %)

The company attributed the performance to higher credit loss provision, increase in pre-operating expenses for Dr. Moahemd Alfaqeeh Hospital, and lower number of patients due to Ministry of Health instructions about proactive application of infection control.

 

When compared to the previous quarter, net profit fell by 72.4%, on gains in revaluation of investment fund in Q4 2019.

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