Arabian International Healthcare Holding Co. (Tibbiyah) reported a 69% drop in 2022 net profit to SAR 25.8 million, from SAR 82.3 million in 2021.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 618.54 | 642.67 | 3.9 % |
| Gross Income | 143.52 | 154.16 | 7.4 % |
| Operating Income | 70.10 | 44.03 | (37.2 %) |
| Net Income | 82.31 | 20.47 | (75.1 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 4.12 | 1.02 | (75.1 %) |
Operating profit dropped 42.6% year-on-year (YoY) to SAR 107.1 million, due to higher selling, general and administrative expenses.
On the other hand, revenues grew 3.9% YoY to SAR 618.5 million in 2022.
Shareholders’ equity, no minority interest, declined to SAR 249.96 million as of Dec. 31, 2022, from SAR 333.39 million a year earlier.
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