Financial Results : Dallah’s net profit surges to SAR 54.6 mln in Q1 2021

Dallah’s net profit surges to SAR 54.6 mln in Q1 2021

02/05/2021 Argaam Exclusive

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Dallah Healthcare Co. reported a net profit after Zakat and tax of SAR 54.6 million for Q1 2021, a sharp rise from a profit of SAR 19.2 million in the same period last year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2020 Q1 2021 Change‬
Revenues 314.61 494.67 57.2 %
Gross Income 105.76 176.82 67.2 %
Operating Income 26.42 72.91 176.0 %
Net Income 19.24 52.61 173.4 %
Average Shares 90.00 90.00 -
EPS (Riyals) 0.21 0.58 173.4 %

The jump in profit was attributed to higher operating revenues, increase in operating level of Dallah Namar Hospital, and a rise in the group’s revenues and operations following the acquisition of majority of shares of Cares Shield Holding Co. and Makkah Medical Center Co.

When compared to the previous quarter, the company’s net profit surged 219.5% in Q1 2021.

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