ProMedEx profits leap 77% to SAR 9.2 mln in H1 2023

03/09/2023 Argaam Exclusive

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Share Price

Professional Medical Expertise Co.
95.00
2.00 2.15 %

Professional Medical Expertise Co. (PRO MEDEX)

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Professional Medical Expertise Co. (ProMedEx) reported a net profit jump of 77% to SAR 9.2 million in the first half of 2023 from SAR 5.2 million in the prior-year period.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 73.85 118.81 60.9 %
Gross Income 34.21 52.99 54.9 %
Operating Income 8.74 14.10 61.2 %
Net Income 5.18 9.16 76.9 %
Average Shares 3.50 3.50 -
EPS (Riyals) 1.48 2.62 76.9 %

The company attributed the profit growth to the rise in contracts concluded with clients.

 

Shareholders’ equity, no minority interest, rose to SAR 72.35 million as of June 30, 2023, from SAR 59.72 million a year earlier.



Historical Quarterly Performance

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

Profit Share

(SAR/ Share)

H1 2022

73.85

5.18

5.52

H2 2022

102.20

13.84

3.95

H1 2023

118.81

9.16

2.62

View More Financial Results

 

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