Al Hammadi Company for Development and Investment reported a net profit after Zakat and tax of SAR 93 million for fiscal year 2019, a 4% year-on-year (YoY) rise, as compared to SAR 89.8 million a year earlier.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 893.60 | 974.06 | 9.0 % |
| Gross Income | 250.36 | 282.62 | 12.9 % |
| Operating Income | 127.27 | 129.59 | 1.8 % |
| Net Income | 89.81 | 93.00 | 3.5 % |
| Average Shares | 160.00 | 160.00 | - |
| EPS (Riyals) | 0.56 | 0.58 | 3.5 % |
The profit rise is attributed to increase in revenues resulting from the rise in outpatient visits and inpatient admissions, the company said in a bourse statement.
This is despite an increase in operating expenses, a rise in amortization expenses of Al Nuzha Hospital’s properties and equipment, as well as the increase in financing charges from the application of IFRS 16.
In Q4 2019, the company posted a 56% rise in net profit to reach SAR 27.64 million.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 228.04 | 270.55 | 18.6 % |
| Gross Income | 65.32 | 83.72 | 28.2 % |
| Operating Income | 29.53 | 39.60 | 34.1 % |
| Net Income | 17.70 | 27.65 | 56.2 % |
| Average Shares | 160.00 | 160.00 | - |
| EPS (Riyals) | 0.11 | 0.17 | 56.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 220.00 | 270.55 | 23.0 % |
| Gross Income | 62.22 | 83.72 | 34.6 % |
| Operating Income | 31.85 | 39.60 | 24.3 % |
| Net Income | 21.17 | 27.65 | 30.6 % |
| Average Shares | 160.00 | 160.00 | - |
| EPS (Riyals) | 0.13 | 0.17 | 30.6 % |
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