Financial Results : Sulaiman Al Habib Group posts 5% profit growth to SAR 246.6 mln in Q1 2020

Sulaiman Al Habib Group posts 5% profit growth to SAR 246.6 mln in Q1 2020

27/04/2020 Argaam Exclusive

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Dr. Sulaiman Al Habib Medical Group (HMG) posted a net profit after Zakat and tax of SAR 246.60 million in Q1 2020, a rise of 5.3% year-on-year (YoY), driven by a 9.40% growth in revenue YoY to SAR 1.34 billion.

 

The first quarter figures were also buoyed by higher operating income.

When compared to Q4 2019, net profit after Zakat and tax declined 8.7%, due to the seasonality of revenue, which dropped by 4.35% quarter-on-quarter.



Current Quarter Comparison (M)

Compared With The
Item Q1 2019 Q1 2020 Change‬
Revenues 1,227.90 1,343.34 9.4 %
Gross Income 404.20 399.85 (1.1 %)
Operating Income 248.18 258.61 4.2 %
Net Income 234.08 246.60 5.3 %
Average Shares 350.00 350.00 -
EPS (Riyals) 0.67 0.70 5.3 %

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