Aldawaa Medical Services Co. (DMSCO) recorded a 27% increase in H1 2022 net profit after Zakat and tax to SAR 167.8 million, from SAR 131.8 million a year earlier.
| Item | 6m 2021 | 6m 2022 | Change |
|---|---|---|---|
| Revenues | 2,476.48 | 2,605.01 | 5.2 % |
| Gross Income | 909.93 | 1,000.97 | 10.0 % |
| Operating Income | 141.26 | 161.27 | 14.2 % |
| Net Income | 131.78 | 167.78 | 27.3 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 1.55 | 1.97 | 27.3 % |
The company reported an increase of 5.19% year-on-year YoY), or SAR 128.5 million in revenue during the first half of 2022.
The first-half gross profit rose 10% YoY to SAR 1.001 billion, implying a margin of 38.4%.
Operating profit grew by 14.16% YoY to SAR 161 million, accounting for 6.2% from net sales.
In Q2 2022, net profit after Zakat and tax leapt 52% to SAR 80.7 million, from SAR 52.9 million a year earlier, as revenue rose by 3.4% YoY. Gross and operating profit increased by 10.7% and 35.3% YoY, respectively in the three-month period.
The company’s net profit dropped 7.4% from SAR 87.11 million on a sequential basis, hut by a decrease in the fair value gain on swap derivatives liabilities compared to Q1 2022.
| Item | Q2 2021 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 1,266.77 | 1,310.19 | 3.4 % |
| Gross Income | 457.98 | 506.79 | 10.7 % |
| Operating Income | 66.91 | 90.55 | 35.3 % |
| Net Income | 52.94 | 80.67 | 52.4 % |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 0.62 | 0.95 | 52.4 % |
| Item | Q1 2022 | Q2 2022 | Change |
|---|---|---|---|
| Revenues | 1,294.82 | 1,310.19 | 1.2 % |
| Gross Income | 494.18 | 506.79 | 2.6 % |
| Operating Income | 70.71 | 90.55 | 28.1 % |
| Net Income | 87.11 | 80.67 | (7.4 %) |
| Average Shares | 85.00 | 85.00 | - |
| EPS (Riyals) | 1.02 | 0.95 | (7.4 %) |
Shareholders’ equity, after minority interest, dropped to SAR 1.086 billion by the end of H1 2022, from SAR 1.253 billion a year earlier.
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