Canadian Medical Center H1 2024 profit down 58% to SAR 3.4M

21/08/2024 Argaam Exclusive

View other reports

Canadian Medical Center Co. reported a net profit of SAR 3.4 million for H1 2024, down 58% from SAR 8 million a year earlier due to its transformation project.

Financials (M)

Item	6m 2023	6m 2024	Change‬
Revenues	45.22	51.22	13.3 %
Gross Income	14.21	11.51	(19.0 %)
Operating Income	8.31	3.88	(53.3 %)
Net Income	8.00	3.37	(57.9 %)
Average Shares	77.00	77.00	-
EPS (Riyals)	0.10	0.04	(57.9 %)

Current Half Annual Comparison (M)

Compared With The

Item	H1 2023	H1 2024	Change‬
Revenues	45.22	51.22	13.3 %
Gross Income	14.21	11.51	(19.0 %)
Operating Income	8.31	3.88	(53.3 %)
Net Income	8.00	3.37	(57.9 %)
Average Shares	77.00	77.00	-
EPS (Riyals)	0.10	0.04	(57.9 %)

Item	H2 2023	H1 2024	Change‬
Revenues	55.13	51.22	(7.1 %)
Gross Income	17.33	11.51	(33.6 %)
Operating Income	7.59	3.88	(48.9 %)
Net Income	7.71	3.37	(56.3 %)
Average Shares	77.00	77.00	-
EPS (Riyals)	0.10	0.04	(56.3 %)

Revenue increased by 13.3% year-on-year to SAR 51.22 million, driven by the company’s expansion and growth strategy, including opening new branches in promising and more profitable areas and sectors.

Total shareholders’ equity, no minority interest, fell to SAR 88.05 million by June 30, 2024, compared to SAR 90.75 million a year ago.

Historical Development of Semi-Annual Data
Period	Revenue (SAR mln)	Net Profit (SAR mln)	Earnings Per Share (SAR)
H1 2020	29.83	8.4	0.11
H2 2020	34.38	7.75	0.10
H1 2021	30.18	4.96	0.06
H2 2021	40.46	9.1	0.12
H1 2022	38.92	7.94	0.10
H2 2022	42.31	7.71	0.10
H1 2023	45.22	8.00	0.10
H2 2023	55.12	7.71	0.10
H1 2024	51.22	3.36	0.04

View More Financial Results

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×