Naba Alsaha Medical Services Co. posted a net profit of SAR 27.8 million in H1 2023, up 80% from SAR 15.4 million a year earlier.
| Item | 6m 2022 | 6m 2023 | Change |
|---|---|---|---|
| Revenues | 62.90 | 81.84 | 30.1 % |
| Gross Income | 27.34 | 33.63 | 23.0 % |
| Operating Income | 15.65 | 18.66 | 19.3 % |
| Net Income | 15.39 | 27.77 | 80.4 % |
| Average Shares | 10.50 | 10.50 | - |
| EPS (Riyals) | 1.47 | 2.64 | 80.4 % |
The profit increase was driven by a 30.1% or SAR 18.94 million increase in revenue to SAR 81.84 million compared to the previous period as income from outpatient clinics and inpatients rose by 15% and 22%, respectively, year-on-year (YoY).
In addition, Al-Anwar Medical Hospital reported a revenue of SAR 4.63 million for the six-month period, which led to an increase in the company’s net profit by SAR 12.38 million or 80.4% YoY.
Shareholders’ equity, no minority interest, stood at SAR 155.69 million as of June 30, 2023, compared to SAR 118.25 million a year earlier.
|
Quarterly Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
56.56 |
14.23 |
2.03 |
|
H2 2021 |
61.12 |
11.60 |
1.66 |
|
H1 2022 |
62.90 |
15.39 |
2.20 |
|
H2 2022 |
66.78 |
11.53 |
1.65 |
|
H1 2023 |
81.84 |
27.77 |
3.97 |
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