Sulaiman Al Habib Group posts SAR 870 mln net profit in FY19

17/03/2020 Argaam Exclusive

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Dr. Sulaiman Al Habib Medical Group (HMG) posted a net profit after Zakat and tax of SAR 870.2 million, a rise of 8.6% year-on-year (YoY).

Financials (M)

Item	2018	2019	Change‬
Revenues	4,587.63	5,016.28	9.3 %
Gross Income	1,362.01	1,523.54	11.9 %
Operating Income	801.52	867.72	8.3 %
Net Income	801.31	870.23	8.6 %
Average Shares	350.00	350.00	-
EPS (Riyals)	2.29	2.49	8.6 %

The higher profit was driven by a 9.67% increase in full-year revenue to SAR 5 billion, amid better growth in the hospitals and pharmacies segments. Patient footfall also rose by 7.17% across the group’s hospitals.

In addition, the annual figures were also buoyed by higher pharmaceuticals sales and new awards in the solutions segment.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2018	Q4 2019	Change‬
Revenues	1,204.57	1,404.45	16.6 %
Gross Income	355.74	435.67	22.5 %
Operating Income	211.62	263.49	24.5 %
Net Income	225.34	270.18	19.9 %
Average Shares	350.00	350.00	-
EPS (Riyals)	0.64	0.77	19.9 %

Item	Q3 2019	Q4 2019	Change‬
Revenues	1,226.74	1,404.45	14.5 %
Gross Income	348.97	435.67	24.8 %
Operating Income	192.48	263.49	36.9 %
Net Income	198.00	270.18	36.5 %
Average Shares	350.00	350.00	-
EPS (Riyals)	0.57	0.77	36.5 %

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