Mouwasat 2021 profit rises 9% to SAR 578 mln, Q4 up 2% to SAR 146.8 mln

16/03/2022 Argaam Exclusive

View other reports

Mouwasat Medical Services Co. posted a net profit after Zakat and tax of SAR 578 million for 2021, a rise of 9% compared to SAR 528 million a year earlier.

Financials (M)

Item	2020	2021	Change‬
Revenues	2,045.03	2,144.14	4.8 %
Gross Income	960.30	995.78	3.7 %
Operating Income	577.84	621.93	7.6 %
Net Income	528.16	578.16	9.5 %
Average Shares	200.00	200.00	-
EPS (Riyals)	2.64	2.89	9.5 %

The profit growth was driven by a 4.8% increase in revenue due to continuous improvement in the performance of new specialized departments, as well as improved contractual terms with customers and enhanced efficiency of operating the available resources.

The company also cited a decrease in selling and distribution expenses, an increase in share of profit from an associate, and low financing cost.

Q4 2021 net earnings were up 2.4% year-on-year from SAR 143.3 million to SAR 146.8 million.

Sequentially, the fourth-quarter earnings increased 2.9% from SAR 142.66 million in Q3 2021.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2020	Q4 2021	Change‬
Revenues	533.60	552.33	3.5 %
Gross Income	249.21	250.62	0.6 %
Operating Income	150.35	158.56	5.5 %
Net Income	143.30	146.97	2.6 %
Average Shares	200.00	200.00	-
EPS (Riyals)	0.72	0.73	2.6 %

Item	Q3 2021	Q4 2021	Change‬
Revenues	530.98	552.33	4.0 %
Gross Income	244.40	250.62	2.5 %
Operating Income	150.10	158.56	5.6 %
Net Income	142.66	146.97	3.0 %
Average Shares	200.00	200.00	-
EPS (Riyals)	0.71	0.73	3.0 %

Total shareholders’ equity, after minority interest, reached SAR 2.604 billion in 2021, up 14.26% from SAR 2.279 billion a year before.

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.

×