Al Hammadi Company for Development and Investment reported net profit after Zakat and tax of SAR 130.8 million in 2020, up 41% from SAR 93 million in 2019.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 974.06 | 764.06 | (21.6 %) |
| Gross Income | 282.62 | 252.83 | (10.5 %) |
| Operating Income | 129.59 | 103.91 | (19.8 %) |
| Net Income | 93.00 | 130.83 | 40.7 % |
| Average Shares | 160.00 | 160.00 | - |
| EPS (Riyals) | 0.58 | 0.82 | 40.7 % |
This profit rise was backed by higher revenue of medical services segment and increased occupancy rates due to the COVID-19 outbreak.
The Saudi medical services provider also cited an increase in the number of patient transfers from the Ministry of Health, in addition to the improved performance of Al-Hammadi Nuzha branch hospital.
Al Hammadi also reported lower operating costs from the pharmaceutical products segment and decreased financing costs.
Q4 2020 net profit increased by 9% year-on-year (YoY) to SAR 30.2 million.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 270.55 | 230.47 | (14.8 %) |
| Gross Income | 83.72 | 68.48 | (18.2 %) |
| Operating Income | 39.60 | 19.33 | (51.2 %) |
| Net Income | 27.65 | 30.21 | 9.3 % |
| Average Shares | 160.00 | 160.00 | - |
| EPS (Riyals) | 0.17 | 0.19 | 9.3 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 207.85 | 230.47 | 10.9 % |
| Gross Income | 77.59 | 68.48 | (11.7 %) |
| Operating Income | 43.13 | 19.33 | (55.2 %) |
| Net Income | 36.57 | 30.21 | (17.4 %) |
| Average Shares | 160.00 | 160.00 | - |
| EPS (Riyals) | 0.23 | 0.19 | (17.4 %) |
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