Care’s H1 2021 net profit rises 13% to SAR 66.5 mln

11/08/2021 Argaam Exclusive

View other reports

National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 66.5 million for the first half of 2021, a 13% increase from SAR 58.9 million in the same period last year.

Financials (M)

Item	6m 2020	6m 2021	Change‬
Revenues	381.05	416.68	9.4 %
Gross Income	111.08	121.40	9.3 %
Operating Income	66.05	79.77	20.8 %
Net Income	58.94	66.47	12.8 %
Average Shares	44.85	44.85	-
EPS (Riyals)	1.31	1.48	12.8 %

The profit-rise was attributed to increase in business as patient visits rose, along with lower selling and marketing expenses due to reduction in bad debt provisions.

On the other hand, the firm noted higher consumption of materials and consumables, lower other income, and an increase in Zakat charges.

Current Quarter Comparison (M)

Compared With The

Item	Q2 2020	Q2 2021	Change‬
Revenues	186.04	202.49	8.8 %
Gross Income	58.87	57.77	(1.9 %)
Operating Income	29.77	37.59	26.3 %
Net Income	25.78	30.74	19.2 %
Average Shares	44.85	44.85	-
EPS (Riyals)	0.57	0.69	19.2 %

Item	Q1 2021	Q2 2021	Change‬
Revenues	214.19	202.49	(5.5 %)
Gross Income	63.64	57.77	(9.2 %)
Operating Income	42.18	37.59	(10.9 %)
Net Income	35.73	30.74	(14.0 %)
Average Shares	44.85	44.85	-
EPS (Riyals)	0.80	0.69	(14.0 %)

In Q2 2021, net profit after Zakat and tax rose 19% year-on-year (YoY) to SAR 30.7 million, due to higher revenue and lower selling and marketing expenses.

On a sequential basis, Q2 net profit fell 14% from SAR 35.7 million.

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.

×