Financial Results : Canadian Medical Center’s H1 2022 net profit surges 60% to SAR 7.9 mln

Canadian Medical Center’s H1 2022 net profit surges 60% to SAR 7.9 mln

21/08/2022 Argaam Exclusive

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Canadian Medical Center Co. (CMCER) reported a net profit after Zakat and tax of SAR 7.9 million in H1 2022, an increase of 60% compared to nearly SAR 5 million in the prior-year period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 30.18 38.92 28.9 %
Gross Income 12.39 12.63 1.9 %
Operating Income 6.51 9.11 40.1 %
Net Income 4.96 7.94 59.9 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.06 0.10 59.9 %

The increase was mainly driven by higher operating revenue.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 30.18 38.92 28.9 %
Gross Income 12.39 12.63 1.9 %
Operating Income 6.51 9.11 40.1 %
Net Income 4.96 7.94 59.9 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.06 0.10 59.9 %

Total shareholders’ equity, excluding minority interest, stood at SAR 90.51 million as of June 30, 2022, compared to SAR 97 million in the year-earlier period.

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