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.
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 % |
Item | Q4 2021 | Q1 2022 | Change |
---|---|---|---|
Revenues | 1,298.34 | 1,294.82 | (0.3 %) |
Gross Income | 533.08 | 494.18 | (7.3 %) |
Operating Income | 75.82 | 70.71 | (6.7 %) |
Net Income | 69.08 | 87.11 | 26.1 % |
Average Shares | 85.00 | 85.00 | - |
EPS (Riyals) | 0.81 | 1.02 | 26.1 % |
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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