Financial Results : Future Care reports 76% slump in H1 2022 profit to SAR 4.8 mln

Future Care reports 76% slump in H1 2022 profit to SAR 4.8 mln

13/09/2022 Argaam Exclusive

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Future Care Trading Co. posted a plunge of 76% in H1 2022 net profit after Zakat and tax to SAR 4.8 million, compared to SAR 20.1 million in the year-earlier period.



Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 41.07 15.04 (63.4 %)
Gross Income 26.31 8.25 (68.6 %)
Operating Income 20.12 4.83 (76.0 %)
Net Income 20.06 4.77 (76.2 %)
Average Shares 500.00 500.00 -
EPS (Halala) 4.01 0.95 (76.2 %)

The company said that revenue dropped 63.39% year-on-year (YoY), due to a sharp decline in the number of patients. This decline was mainly attributed to the easing of COVID-19 restrictions imposed during 2021 as patients were allowed to visit hospitals instead of using home care services. Insurance companies also reduced credit limits for some categories of patients.

 

On the other hand, costs fell by 54% YoY on lower operating expenses.



Current Half Annual Comparison (M)

Compared With The
Item H1 2021 H1 2022 Change‬
Revenues 41.07 15.04 (63.4 %)
Gross Income 26.31 8.25 (68.6 %)
Operating Income 20.12 4.83 (76.0 %)
Net Income 20.06 4.77 (76.2 %)
Average Shares 500.00 500.00 -
EPS (Halala) 4.01 0.95 (76.2 %)

Shareholders equity, after minority interest, reached SAR 58.476 million as of June 30, 2022, up from SAR 37.483 million a year earlier.

 

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Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 41.07 - 26.31 - 20.12 -
H2 2021 30.95 - 16.01 - 18.15 -
H1 2022 15.04 (63.4 %) 8.25 (68.6 %) 4.83 (76.0 %)


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 20.06 - 4.01 - 20.06 0.04
H2 2021 16.65 - 3.33 - 16.65 0.03
H1 2022 4.77 (76.2 %) 0.95 - 4.77 0.01

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 58.75 % 55.22 % 50.95 %
H1 2022 52.76 % 52.73 % 46.57 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 500.00 - - 0.07
H2 2021 500.00 7.34 7.34 0.11
H1 2022 500.00 4.28 4.28 0.12

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -


Financial Ratios
Current
Market Cap (M Riyal) 5,300.00
Enterprise Value (EV) (M) 5,249.01
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 0.15
Par Value ( Halala) 10.00
Adjusted P/E (Last12) More than 100
Price/book 71.97
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Share Price

Future Care Trading Co.
10.60
(0.20) (1.85 %)

Future Care Trading Co. (FUTURE CARE)

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