Financial Results : Sulaiman Al Habib Group 2020 profit rises 21% to SAR 1.055 bln

Sulaiman Al Habib Group 2020 profit rises 21% to SAR 1.055 bln

21/02/2021 Argaam Exclusive

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Dr. Sulaiman Al Habib Medical Group (HMG) posted a net profit after Zakat and tax of SAR 1.055 billion in 2020, a rise of 21%, compared to SAR 870.2 million in 2019.

 

The medical services provider attributed the profit increase to a 16.85% rise in revenues due to growth in all segments, including hospitals, pharmacies, and solutions.

 

The company also cited higher EBITDA and net income for the earnings growth.



Financials (M)

Item 2019 2020 Change‬
Revenues 5,016.28 5,861.61 16.9 %
Gross Income 1,523.54 1,864.41 22.4 %
Operating Income 867.72 1,114.86 28.5 %
Net Income 870.23 1,055.48 21.3 %
Average Shares 350.00 350.00 -
EPS (Riyals) 2.49 3.02 21.3 %

In Q4 2020, HMG reported an 18% rise in net profit after Zakat and tax to SAR 317.8 million from SAR 270.1 million in the same period a year ago.



Current Quarter Comparison (M)

Compared With The
Item Q4 2019 Q4 2020 Change‬
Revenues 1,404.45 1,691.35 20.4 %
Gross Income 435.67 545.81 25.3 %
Operating Income 263.49 329.05 24.9 %
Net Income 270.18 317.83 17.6 %
Average Shares 350.00 350.00 -
EPS (Riyals) 0.77 0.91 17.6 %

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