Mouwasat posts 25% profit growth to SAR 528 mln in 2020

14/03/2021 Argaam Exclusive

View other reports

Mouwasat Medical Services Co. reported net profit after Zakat and tax of SAR 528 million in 2020, up 25%, from SAR 421 million in 2019.

This profit increase was driven by 10% revenue growth due to the addition of new specialized segments and efficient utilization of available resources.

The medical services provider also cited higher revenue from the medical services segment on higher occupancy rates, and the positive contribution from Khobar branch, in addition to lower financing costs.

Financials (M)

Item	2019	2020	Change‬
Revenues	1,857.21	2,045.03	10.1 %
Gross Income	829.27	960.30	15.8 %
Operating Income	470.49	577.84	22.8 %
Net Income	421.03	528.16	25.4 %
Average Shares	200.00	200.00	-
EPS (Riyals)	2.11	2.64	25.4 %

Q4 2020 net profit rose 10% year-on-year (YoY) to SAR 143.1 million.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2019	Q4 2020	Change‬
Revenues	505.04	533.60	5.7 %
Gross Income	230.11	249.21	8.3 %
Operating Income	139.67	150.35	7.6 %
Net Income	130.47	143.30	9.8 %
Average Shares	200.00	200.00	-
EPS (Riyals)	0.65	0.72	9.8 %

Item	Q3 2020	Q4 2020	Change‬
Revenues	549.06	533.60	(2.8 %)
Gross Income	271.52	249.21	(8.2 %)
Operating Income	173.32	150.35	(13.3 %)
Net Income	161.10	143.30	(11.0 %)
Average Shares	200.00	200.00	-
EPS (Riyals)	0.81	0.72	(11.0 %)

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.

×