Aldawaa Medical Services Co. posted a net profit of SAR 305.4 million in 2022, a 28% increase from SAR 239.2 million a year earlier.
| Item | 2021 | 2022 | Change |
|---|---|---|---|
| Revenues | 5,034.38 | 5,372.24 | 6.7 % |
| Gross Income | 1,894.40 | 2,019.60 | 6.6 % |
| Operating Income | 267.89 | 374.35 | 39.7 % |
| Net Income | 239.15 | 305.45 | 27.7 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 2.81 | 3.59 | 27.7 % |
The profit jump was driven by a 6.7% year-on-year (YoY) leap in revenue to SAR 337.9 million, buoyed by higher cash, online and insurance sales. This is along with an uptick in sales from the Wasfaty e-prescribing program.
Gross profit climbed from SAR 1.89 billion in 2021 to SAR 2.01 billion in 2022, with a profit margin of 37.6%. Further, operating profit grew by SAR 101.1 million, or 37.7% YoY, to SAR 369 million last year.
The fourth-quarter net profit rose 30% YoY to SAR 89.51 million from SAR 69.08 million a year earlier.
Sequentially, net profit rose 85.9% from SAR 48.15 million in Q3 2022.
| Item | Q4 2021 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 1,298.34 | 1,458.30 | 12.3 % |
| Gross Income | 533.08 | 533.69 | 0.1 % |
| Operating Income | 75.82 | 130.39 | 72.0 % |
| Net Income | 69.08 | 89.51 | 29.6 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.81 | 1.05 | 29.6 % |
| Item | Q3 2022 | Q4 2022 | Change |
|---|---|---|---|
| Revenues | 1,308.93 | 1,458.30 | 11.4 % |
| Gross Income | 484.94 | 533.69 | 10.1 % |
| Operating Income | 82.69 | 130.39 | 57.7 % |
| Net Income | 48.15 | 89.51 | 85.9 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.57 | 1.05 | 85.9 % |
Shareholders’ equity, no minority interest, stood at SAR 1.09 billion as of Dec. 31, 2022, compared to SAR 989.18 million a year earlier.
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