Aldawaa Medical Services Co. (DMSCO) reported a net profit of SAR 95.3 million for Q1 2024, leaping 25% from SAR 76.3 million in the same period last year.
| Item | Q1 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 1,407.59 | 1,516.42 | 7.7 % |
| Gross Income | 534.98 | 564.42 | 5.5 % |
| Operating Income | 116.00 | 132.78 | 14.5 % |
| Net Income | 76.25 | 95.33 | 25.0 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.90 | 1.12 | 25.0 % |
| Item | Q4 2023 | Q1 2024 | Change |
|---|---|---|---|
| Revenues | 1,458.09 | 1,516.42 | 4.0 % |
| Gross Income | 525.09 | 564.42 | 7.5 % |
| Operating Income | 140.39 | 132.78 | (5.4 %) |
| Net Income | 92.35 | 95.33 | 3.2 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 1.09 | 1.12 | 3.2 % |
Revenues in the first quarter of 2024 grew 7.7% year-on-year (YoY) to SAR 108.8 million, due to the increase in sales activities across all channels.
Gross profit increased by 5.5% YoY to SAR 29.4 million, and operating profit grew by 13.6% YoY on controlling expenses.
Sequentially, Q1 2024 net profit was up 3.2% from SAR 92.35 million in Q4 2023, mainly fueled by a 4% rise quarter-on-quarter in revenues to SAR 58.3 million.
Total shareholders’ equity, no minority interest, rose to SAR 1.29 billion as of March 31, 2024, from SAR 1.07 billion a year earlier.
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