Arabian International Healthcare Holding Co. (Tibbiyah) reported a net loss after Zakat and tax of SAR 20.7 million for the first half of 2022, against a profit of SAR 5.1 million in the same period a year earlier.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 249.24 | 215.24 | (13.6 %) |
| Gross Income | 57.73 | 40.80 | (29.3 %) |
| Operating Income | 9.40 | (16.92) | (280.1 %) |
| Net Income | 5.10 | (20.68) | (505.9 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | 0.25 | (1.03) | (505.9 %) |
The losses were attributed to delayed sales in H1 2022 due to global supply chain disruptions and higher profitability due to COVID-19-related sales in H1 2021, in addition to investment in human capital to support the company’s ambitious growth strategy.
Total shareholders’ equity (after excluding minority interest) stood at SAR 252.711 million as of June 30, 2022, compared to SAR 254.858 million a year earlier.
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