Canadian Medical Center profit up 11% to SAR 15.7 mln in 2022

19/03/2023 Argaam Exclusive

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Canadian Medical Center Co. (CMCER) posted a net profit of SAR 15.7 million in 2022, an 11% increase from SAR 14 million a year earlier.

Financials (M)

Item	2021	2022	Change‬
Revenues	70.64	81.23	15.0 %
Gross Income	25.19	24.97	(0.9 %)
Operating Income	16.30	17.26	5.9 %
Net Income	14.06	15.65	11.3 %
Average Shares	77.00	77.00	-
EPS (Riyals)	0.18	0.20	11.3 %

The positive performance was driven by higher operating revenues and lower costs incurred compared to a year earlier.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	40.46	42.31	4.6 %
Gross Income	12.80	12.34	(3.6 %)
Operating Income	9.80	8.15	(16.9 %)
Net Income	9.10	7.72	(15.2 %)
Average Shares	77.00	77.00	-
EPS (Riyals)	0.12	0.10	(15.2 %)

Item	H1 2022	H2 2022	Change‬
Revenues	38.92	42.31	8.7 %
Gross Income	12.63	12.34	(2.3 %)
Operating Income	9.11	8.15	(10.6 %)
Net Income	7.94	7.72	(2.8 %)
Average Shares	77.00	77.00	-
EPS (Riyals)	0.10	0.10	(2.8 %)

Total shareholders’ equity, no minority interest, stood at SAR 87.01 million as of Dec. 31, 2022, compared to SAR 94.45 million a year earlier.

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