Lana Medical posts 45% profit decline to SAR 3M in 2023

31/03/2024 Argaam Exclusive

View other reports

Share Price

Lana Medical Co.
39.50
(0.70) (1.74 %)

Lana Medical Co. (LANA)

More

Lana Medical Co. reported a net profit of SAR 3 million in 2023, a slump of 45% from SAR 5.5 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 40.80 48.63 19.2 %
Gross Income 18.87 20.14 6.7 %
Operating Income 6.56 4.57 (30.4 %)
Net Income 5.49 3.01 (45.2 %)
Average Shares 3.00 3.60 20.0 %
EPS (Riyals) 1.83 0.84 (54.3 %)


The annual profit decline was attributed to recording expenses related to the company’s Nomu listing, which took place on Dec. 6, 2023, and the pre-operating expenses related to the waste treatment plant in Jeddah and the hazardous medical waste treatment plant in Hail.

 

This came despite the 19.2% year-on-year (YoY) increase in net revenues due to the company’s expansion of its market share, with the awarding of government projects also playing a pivotal role in boosting sales.
 

Total shareholders’ equity, no minority interest, advanced to SAR 68.05 million by Dec. 31, 2023, compared to SAR 47.42 million a year ago.

View More Financial Results

 

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.