Financial Results : Sulaiman Al Habib H1 2021 profit up 47% to SAR 644 mln

Sulaiman Al Habib H1 2021 profit up 47% to SAR 644 mln

08/08/2021 Argaam Exclusive

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Dr. Sulaiman Al Habib Medical Group reported a net profit after Zakat and tax of SAR 644 million for the first half of 2021, a 47% increase, compared to SAR 438.9 million in the same period a year ago.

 

The company attributed the profit rise to 35.3% increase in revenues, driven by the growth in the hospital segment, due to rise in number of patients.

 

The company also cited 35.97% increase in EBITDA and 46.84% rise in net income for the profit growth.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 2,546.35 3,446.00 35.3 %
Gross Income 759.71 1,100.44 44.8 %
Operating Income 461.92 689.36 49.2 %
Net Income 438.85 644.40 46.8 %
Average Shares 350.00 350.00 -
EPS (Riyals) 1.25 1.84 46.8 %

The company’s Q2 net profit after Zakat and tax increased by 69% year-on-year (YoY) to SAR 325 million due to 45.57% rise in revenues, higher net income by 69.26%, and 47.58% rise in EBITDA.

 

On a quarterly basis, Q2 net profit increased 2% due to higher revenue, which was not impacted by the seasonality factors.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 1,203.01 1,751.21 45.6 %
Gross Income 359.86 551.02 53.1 %
Operating Income 203.31 339.73 67.1 %
Net Income 192.25 325.40 69.3 %
Average Shares 350.00 350.00 -
EPS (Riyals) 0.55 0.93 69.3 %

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