Tibbiyah turns to losses of SAR 20.7 mln in H1 2022

29/08/2022 Argaam Exclusive

View other reports

Arabian International Healthcare Holding Co. (Tibbiyah) reported a net loss after Zakat and tax of SAR 20.7 million for the first half of 2022, against a profit of SAR 5.1 million in the same period a year earlier.

Financials (M)

Item	6m 2021	6m 2022	Change‬
Revenues	249.24	215.24	(13.6 %)
Gross Income	57.73	40.80	(29.3 %)
Operating Income	9.40	(16.92)	(280.1 %)
Net Income	5.10	(20.68)	(505.8 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	0.25	(1.03)	(505.8 %)

The losses were attributed to delayed sales in H1 2022 due to global supply chain disruptions and higher profitability due to COVID-19-related sales in H1 2021, in addition to investment in human capital to support the company’s ambitious growth strategy.

Current Half Annual Comparison (M)

Compared With The

Item	H1 2021	H1 2022	Change‬
Revenues	249.24	215.24	(13.6 %)
Gross Income	57.73	40.80	(29.3 %)
Operating Income	9.40	(16.92)	(280.1 %)
Net Income	5.10	(20.68)	(505.8 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	0.25	(1.03)	(505.8 %)

Item	H2 2021	H1 2022	Change‬
Revenues	369.30	215.24	(41.7 %)
Gross Income	85.79	40.80	(52.4 %)
Operating Income	60.70	(16.92)	(127.9 %)
Net Income	77.22	(20.68)	(126.8 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	3.86	(1.03)	(126.8 %)

Total shareholders’ equity (after excluding minority interest) stood at SAR 252.711 million as of June 30, 2022, compared to SAR 254.858 million a year earlier.

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.

×