Sulaiman Al Habib Group posts SAR 870 mln net profit in FY19

17/03/2020 Argaam Exclusive

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Dr. Sulaiman Al Habib Medical Services Group (SULAIMAN ALHABIB)

Dr. Sulaiman Al Habib Medical Group (HMG) posted a net profit after Zakat and tax of SAR 870.2 million, a rise of 8.6% year-on-year (YoY).



Financials (M)

Item 2018 2019 Change‬
Revenues 4,587.63 5,016.28 9.3 %
Gross Income 1,362.01 1,523.54 11.9 %
Operating Income 801.52 867.72 8.3 %
Net Income 801.31 870.23 8.6 %
Average Shares 350.00 350.00 -
EPS (Riyals) 2.29 2.49 8.6 %

The higher profit was driven by a 9.67% increase in full-year revenue to SAR 5 billion, amid better growth in the hospitals and pharmacies segments. Patient footfall also rose by 7.17% across the group’s hospitals.

 

In addition, the annual figures were also buoyed by higher pharmaceuticals sales and new awards in the solutions segment.



Current Quarter Comparison (M)

Compared With The
Item Q4 2018 Q4 2019 Change‬
Revenues 1,204.57 1,404.45 16.6 %
Gross Income 355.74 435.67 22.5 %
Operating Income 211.62 263.49 24.5 %
Net Income 225.34 270.18 19.9 %
Average Shares 350.00 350.00 -
EPS (Riyals) 0.64 0.77 19.9 %

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