Arabian International Healthcare Holding Co. (Tibbiyah) reported a net loss of SAR 22.8 million for H1 2023, up from SAR 20.7 million a year earlier.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 215.24 | 315.96 | 46.8 % |
| Gross Income | 40.80 | 63.19 | 54.9 % |
| Operating Income | (16.92) | (2.73) | 83.9 % |
| Net Income | (20.68) | (22.80) | (10.3 %) |
| Average Shares | 20.00 | 20.00 | - |
| EPS (Riyals) | (1.03) | (1.14) | (10.3 %) |
Tibbiyah achieved revenue of SAR 316 million for H1 2023, an increase of 46.8% from SAR 215.2 million in H1 2022, mainly attributed to the strong performance of the medical equipment division (FMS) and positive contribution of Innovative Healthcare Co. Holding Ltd. (NewYou).
Gross profit rose to SAR 63.2 million in the first six months, an increase of 54.9% year-on-year (YoY), primarily due to higher FMS revenue, effective cost management, and NewYou’s high margins.
Operating profit stood at SAR 1.1 million, against an operating loss of SAR 10.1 million a year earlier, mainly due to higher revenue, improved gross profit, effective cost management, and a reduction in impairment loss on trade receivable.
Total shareholders’ equity, excluding minority interest, fell to SAR 251.47 million as of June 30, 2023, from SAR 252.71 million a year earlier.
Attached Documents
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Quarterly Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR/share) |
|
H1 2020 |
193.65 |
(30.96) |
(1.5%) |
|
H2 2020 |
625.04 |
126.75 |
6.34 |
|
H1 2021 |
249.24 |
5.10 |
0.26 |
|
H2 2021 |
369.30 |
77.21 |
3.86 |
|
H1 2022 |
215.24 |
(20.68) |
(1.03) |
|
H2 2022 |
427.43 |
46.44 |
2.32 |
|
H1 2023 |
315.96 |
(23.00) |
(1.15) |
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