Financial Results : Care net profit falls 16% to SAR 30 mln in Q1 2022

Care net profit falls 16% to SAR 30 mln in Q1 2022

16/05/2022 Argaam Exclusive

View other reports

National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 30 million in Q1 2022, a 16% decline from SAR 35.7 million in the previous year.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 214.19 211.48 (1.3 %)
Gross Income 63.64 61.44 (3.5 %)
Operating Income 42.18 35.17 (16.6 %)
Net Income 35.73 30.00 (16.0 %)
Average Shares 44.85 44.85 -
EPS (Riyals) 0.80 0.67 (16.0 %)

The lower earnings were attributed to a 1.3 fall year-on-year (YoY) in net revenue due to reduced referrals from the Ministry of Health (MoH) and General Organization for Social Insurance (GOSI).  Gross profit margin declined to 29.1% YoY on a reduction in higher-margin business from MoH and GOSI.  

 

Additionally, selling and marketing expenses, and general and administrative expenses surged. 

 

Sequentially, net profit after Zakat and tax declined 18.3% from SAR 36.71 million in Q4 2021. 

 

Total shareholders’ equity, excluding minority interest, rose 7.6% to SAR 1.154 billion in Q1 2022, compared to SAR 1.072 billion in the year-ago period.

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.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
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.