Dallah Healthcare Co. posted a net profit after Zakat and tax of SAR 146.9 million for the fiscal year (FY) 2019, around 4% year-on-year increase, as compared to SAR 141.8 million a year earlier.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 1,180.94 | 1,252.09 | 6.0 % |
| Gross Income | 436.34 | 447.85 | 2.6 % |
| Operating Income | 145.59 | 154.39 | 6.0 % |
| Net Income | 141.76 | 146.92 | 3.6 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 1.58 | 1.63 | 3.6 % |
The company said in a bourse statement that the rise in profit is due to increase in patients’ numbers and revenues at the Dallah Namar Hospital and change in the nature of insurance contracts for some customers.
Besides, increase in contracts with the Ministry of Health and a higher profit from investments also contributed to the profit rise, the statement added.
The fourth quarter net profit surged to SAR 69.8 million, compared to SAR 32.5 million in Q4 2018.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 318.28 | 343.60 | 8.0 % |
| Gross Income | 110.86 | 127.34 | 14.9 % |
| Operating Income | 33.04 | 64.09 | 94.0 % |
| Net Income | 32.47 | 69.79 | 115.0 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.36 | 0.78 | 115.0 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 301.34 | 343.60 | 14.0 % |
| Gross Income | 107.78 | 127.34 | 18.1 % |
| Operating Income | 30.99 | 64.09 | 106.8 % |
| Net Income | 26.62 | 69.79 | 162.2 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.30 | 0.78 | 162.2 % |
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