Financial Results : Al Hammadi net profit rises 4% in FY2019

Al Hammadi net profit rises 4% in FY2019

10/03/2020 Argaam Exclusive

View other reports

Al Hammadi Company for Development and Investment reported a net profit after Zakat and tax of SAR 93 million for fiscal year 2019, a 4% year-on-year (YoY) rise, as compared to SAR 89.8 million a year earlier.



Financials (M)

Item 2018 2019 Change‬
Revenues 893.60 974.06 9.0 %
Gross Income 250.36 282.62 12.9 %
Operating Income 127.27 129.59 1.8 %
Net Income 89.81 93.00 3.5 %
Average Shares 160.00 160.00 -
EPS (Riyals) 0.56 0.58 3.5 %

The profit rise is attributed to increase in revenues resulting from the rise in outpatient visits and inpatient admissions, the company said in a bourse statement.

 

This is despite an increase in operating expenses, a rise in amortization expenses of Al Nuzha Hospital’s properties and equipment, as well as the increase in financing charges from the application of IFRS 16.

 

In Q4 2019, the company posted a 56% rise in net profit to reach SAR 27.64 million.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 228.04 270.55 18.6 %
Gross Income 65.32 83.72 28.2 %
Operating Income 29.53 39.60 34.1 %
Net Income 17.70 27.65 56.2 %
Average Shares 160.00 160.00 -
EPS (Riyals) 0.11 0.17 56.2 %

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.