Dr. Sulaiman Al Habib Medical Services Group posted a 13% profit jump in H1 2024 to SAR 1.10 billion, compared to SAR 976.2 million in H1 2023.
| Item | 6m 2023 | 6m 2024 | Change |
|---|---|---|---|
| Revenues | 4,579.14 | 5,095.03 | 11.3 % |
| Gross Income | 1,558.47 | 1,755.36 | 12.6 % |
| Operating Income | 1,009.38 | 1,107.75 | 9.7 % |
| Net Income | 976.24 | 1,105.97 | 13.3 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 2.79 | 3.16 | 13.3 % |
Revenues grew by 11.27% year-on-year (YoY) to SAR 5.09 billion, as a result of the growth in all group operating segments and the increase in the number of patients
Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 10.16% YoY to SAR 1.36 billion. Meanwhile, EBITDA margin reached 26.78% during the six-month period, compared to 27.04% a year earlier.
The second-quarter net earnings leapt 14% to SAR 555 million compared with SAR 486.97 million in Q2 2023, as revenue increased by 13.26% to SAR 2.57 billion driven by growth in all group operating segments.
| Item | Q2 2023 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 2,272.27 | 2,573.62 | 13.3 % |
| Gross Income | 774.83 | 878.03 | 13.3 % |
| Operating Income | 498.81 | 551.67 | 10.6 % |
| Net Income | 486.97 | 555.03 | 14.0 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 1.39 | 1.59 | 14.0 % |
| Item | Q1 2024 | Q2 2024 | Change |
|---|---|---|---|
| Revenues | 2,521.41 | 2,573.62 | 2.1 % |
| Gross Income | 877.33 | 878.03 | 0.1 % |
| Operating Income | 556.08 | 551.67 | (0.8 %) |
| Net Income | 550.95 | 555.03 | 0.7 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 1.57 | 1.59 | 0.7 % |
On a sequential basis, Q2 2024 net earnings rose 0.7% from SAR 550.95 million in Q1 2024.
Shareholders’ equity, after minority interest, stood at SAR 6.79 billion by the end of the six-month period, up from SAR 6.19 billion a year earlier.
Attached Documents
| Company | Estimated | Actual | Change |
|---|---|---|---|
| YANSAB | 96.28 | 224.80 | 133.5 % |
| SASCO | 9.78 | 12.85 | 31.5 % |
| SULAIMAN ALHABIB | 522.40 | 555.03 | 6.2 % |
| SABIC AGRI-NUTRIENTS | 738.32 | 705.00 | (4.5 %) |
| SHAKER | 18.10 | 16.45 | (9.1 %) |
| CITY CEMENT | 39.98 | 27.78 | (30.5 %) |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| YANSAB | 96.28 | 224.80 | 133.5 % |
| SASCO | 9.78 | 12.85 | 31.5 % |
| SULAIMAN ALHABIB | 522.40 | 555.03 | 6.2 % |
| Company | Estimated | Actual | Change |
|---|---|---|---|
| CITY CEMENT | 39.98 | 27.78 | (30.5 %) |
| SHAKER | 18.10 | 16.45 | (9.1 %) |
| SABIC AGRI-NUTRIENTS | 738.32 | 705.00 | (4.5 %) |
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