Financial Results : Aldawaa 9M 2022 net profit up 27% to SAR 215.9 mln; Q3 at SAR 48.15 mln

Aldawaa 9M 2022 net profit up 27% to SAR 215.9 mln; Q3 at SAR 48.15 mln

02/11/2022 Argaam Exclusive

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Aldawaa Medical Services Co. reported a net profit after Zakat and tax of SAR 215.9 million for the first nine months of 2022, an increase of 27%, compared to SAR 170.07 million in the year-earlier period.   

  



Financials (M)

Item 9m 2021 9m 2022 Change‬
Revenues 3,736.04 3,913.94 4.8 %
Gross Income 1,361.32 1,485.91 9.2 %
Operating Income 192.07 243.95 27.0 %
Net Income 170.07 215.94 27.0 %
Average Shares 85.00 85.00 -
EPS (Riyals) 2.00 2.54 27.0 %

The company cited a 4.8% year-on-year (YoY) increase in revenue, and stronger gross and operating profits, in addition to improved sales.  



Current Quarter Comparison (M)

Compared With The
Item Q3 2021 Q3 2022 Change‬
Revenues 1,259.56 1,308.93 3.9 %
Gross Income 451.39 484.94 7.4 %
Operating Income 50.81 82.69 62.7 %
Net Income 38.29 48.15 25.7 %
Average Shares 85.00 85.00 -
EPS (Riyals) 0.45 0.57 25.7 %

Q3 2022 net profit after Zakat and tax increased 26% YoY to SAR 48.2 million, from SAR 38.29 million in a prior-year period, on a 4% YoY rise in revenue, 37% YoY higher gross profit, a 6.3% YoY growth in operating profit and stronger sales. 

 

On a sequential basis, net profit dropped 40.3% from SAR 80.67 million. 

 

Total shareholders’ equity, excluding minority rights, reached SAR 1.025 billion as of Sept. 30, 2022, compared to SAR 1.059 billion in prior-year period.  

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