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.
| 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.
| 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 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 1,623.91 | 1,691.35 | 4.2 % |
| Gross Income | 558.89 | 545.81 | (2.3 %) |
| Operating Income | 323.89 | 329.05 | 1.6 % |
| Net Income | 298.80 | 317.83 | 6.4 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 0.85 | 0.91 | 6.4 % |
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