Future Care posts 24% rise in H1 2023 profit to SAR 5.9 mln

14/08/2023 Argaam Exclusive

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Future Care Trading Co. reported a 24% increase in H1 2023 net profit to SAR 5.9 million from SAR 4.8 million a year earlier.

Financials (M)

Item	6m 2022	6m 2023	Change‬
Revenues	15.04	23.04	53.2 %
Gross Income	8.25	11.61	40.6 %
Operating Income	4.83	5.50	14.0 %
Net Income	4.77	5.89	23.5 %
Average Shares	500.00	500.00	-
EPS (Halala)	0.95	1.18	23.5 %

Current Half Annual Comparison (M)

Compared With The

Item	H1 2022	H1 2023	Change‬
Revenues	15.04	23.04	53.2 %
Gross Income	8.25	11.61	40.6 %
Operating Income	4.83	5.50	14.0 %
Net Income	4.77	5.89	23.5 %
Average Shares	500.00	500.00	-
EPS (Halala)	0.95	1.18	23.5 %

Item	H2 2022	H1 2023	Change‬
Revenues	19.09	23.04	20.7 %
Gross Income	3.98	11.61	191.4 %
Operating Income	0.94	5.50	485.5 %
Net Income	0.36	5.89	1551.0 %
Average Shares	500.00	500.00	-
EPS (Halala)	0.07	1.18	1551.0 %

The half-year results were lifted by an increase in the number of patients, and the opening of new branches in Riyadh and Dammam. Future Care also recorded a rise in the number of services, and embarked on its expansion plans.

Shareholders’ equity, no minority interest, reached SAR 65.01 million as of June 30, 2023, up from SAR 58.47 million in the prior-year period.

Historical Data
Period	Revenue (SAR mln)	Net Profit (SAR mln)	EPS (SAR)
H1 2021	41.07	20.06	0.04
H2 2021	30.96	16.64	0.03
H1 2022	15.04	4.77	0.05
H2 2022	19.09	0.36	0.00
H1 2023	23.04	5.89	0.01

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