AME Company for Medical Supplies posted a 62% rise in H1 2022 net profit after Zakat and tax to SAR 15.4 million, from SAR 9.5 million a year earlier.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 69.78 | 108.35 | 55.3 % |
| Gross Income | 32.00 | 48.86 | 52.7 % |
| Operating Income | 13.27 | 17.25 | 30.0 % |
| Net Income | 7.50 | 15.38 | 105.1 % |
| Average Shares | 7.00 | 7.00 | - |
| EPS (Riyals) | 1.07 | 2.20 | 105.1 % |
The profit growth was driven by an increase of SAR 54.28 million year-on-year (YoY) in the sales of medical supplies and devices. This surge resulted from the company’s acquisition of a larger market share, thanks to its participation in local and international conferences, exertion of more efforts to advertise and market its products, as well as the appointment of new employees in the sales and marketing departments to serve customers faster.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 37.62 | 54.06 | 43.7 % |
| Gross Income | 16.83 | 26.64 | 58.3 % |
| Operating Income | 7.00 | 10.28 | 46.9 % |
| Net Income | 1.92 | 9.51 | 395.1 % |
| Average Shares | 7.00 | 7.00 | - |
| EPS (Riyals) | 0.27 | 1.36 | 395.1 % |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 54.29 | 54.06 | (0.4 %) |
| Gross Income | 22.22 | 26.64 | 19.9 % |
| Operating Income | 6.97 | 10.28 | 47.5 % |
| Net Income | 5.87 | 9.51 | 61.9 % |
| Average Shares | 7.00 | 7.00 | - |
| EPS (Riyals) | 0.84 | 1.36 | 61.9 % |
Shareholders’ equity, after minority interest, rose to SAR 96.942 million as of June 30, 2022, from SAR 93.414 million in the prior-year period.
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