Saudi German Health net profit up 18% to SAR 42 mln in 9M 2022; Q3 at SAR 11.1 mln

03/11/2022 Argaam Exclusive

View other reports

Middle East Healthcare Co. (Saudi German Health) reported a net profit after Zakat and tax of SAR 42 million in the first nine months of 2022, an 18% increase, compared to SAR 35.6 million in the year-ago period.

Financials (M)

Item	9m 2021	9m 2022	Change‬
Revenues	1,373.67	1,533.79	11.7 %
Gross Income	448.07	476.00	6.2 %
Operating Income	47.54	82.38	73.3 %
Net Income	35.59	42.02	18.1 %
Average Shares	92.04	92.04	-
EPS (Riyals)	0.39	0.46	18.1 %

In Q3 2022, net profit after Zakat and tax saw a 23% decline to SAR 11.1 million, from SAR 14.35 million in the year before, on opening of new hospitals and higher financing costs.

Sequentially, the company’s net profit rose 7% from SAR 10.43 million in Q2 2022.

Current Quarter Comparison (M)

Compared With The

Item	Q3 2021	Q3 2022	Change‬
Revenues	498.73	512.37	2.7 %
Gross Income	172.27	152.21	(11.6 %)
Operating Income	27.46	26.26	(4.4 %)
Net Income	14.35	11.11	(22.6 %)
Average Shares	92.04	92.04	-
EPS (Riyals)	0.16	0.12	(22.6 %)

Item	Q2 2022	Q3 2022	Change‬
Revenues	508.09	512.37	0.8 %
Gross Income	158.77	152.21	(4.1 %)
Operating Income	21.77	26.26	20.6 %
Net Income	10.43	11.11	6.5 %
Average Shares	92.04	92.04	-
EPS (Riyals)	0.11	0.12	6.5 %

Shareholders’ equity, with no minority interest, grew to SAR 1.292 billion as of Sept. 30, 2022, from SAR 1.257 billion in the year-earlier period.

View more financial results

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

×