Financial Results : Al-Dawaa profit rises 11% to SAR 87.1 mln in Q1 2022

Al-Dawaa profit rises 11% to SAR 87.1 mln in Q1 2022

12/05/2022 Argaam Exclusive

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Al-Dawaa Medical Services Co. (DMSCO) reported a net profit after Zakat and tax of SAR 87.1 million for Q1 2022, up 11% from SAR 78.8 million in the same period last year, due to increase in sales.

DMSCO’s revenues rose 7% year-on-year (YoY) in Q1 2022, driving up the net profit for the period. In addition, gross profit advanced 9.3% YoY and operating income edged up 4.9% YoY.

 

The firm noted the opening of new branches in Q4 2021, stating that the financial effect will reflect in 2022.



Current Quarter Comparison (M)

Compared With The
Item Q1 2021 Q1 2022 Change‬
Revenues 1,209.72 1,294.82 7.0 %
Gross Income 451.96 494.18 9.3 %
Operating Income 74.35 70.71 (4.9 %)
Net Income 78.84 87.11 10.5 %
Average Shares 79.85 85.00 6.4 %
EPS (Riyals) 0.99 1.02 3.8 %

Sequentially, Q1 2022 net profit after Zakat and tax grew 26.1% from SAR 69 million.

 

Total shareholders’ equity, after minority interest, fell 8.2% to SAR 1.071 billion as of March 31, 2022, from SAR 1.167 billion a year earlier.

 

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