Al-Modawat 2023 profit jumps 80% to SAR 18.6M

31/03/2024 Argaam Exclusive

Al-Modawat Specialized Medical Co.’s net profit leapt 80% to SAR 18.6 million in 2023, from SAR 10.3 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 58.57 74.31 26.9 %
Gross Income 28.52 40.63 42.5 %
Operating Income 11.44 20.17 76.3 %
Net Income 10.31 18.59 80.3 %
Average Shares 19.00 19.00 -
Earnings Per Share before unusual items 0.54 0.98 80.3 %
EPS (Riyals) 0.54 0.98 80.3 %

The company posted higher revenues due to the opening of new departments such as neurology and the increase in the number of internists.



Current Half Annual Comparison (M)

Compared With The
Item H2 2022 H2 2023 Change‬
Revenues 33.26 37.13 11.6 %
Gross Income 16.61 19.23 15.8 %
Operating Income 7.40 8.65 17.0 %
Net Income 6.67 7.66 14.8 %
Average Shares 19.00 19.00 -
Earnings Per Share before unusual items 0.35 0.40 14.8 %
EPS (Riyals) 0.35 0.40 14.8 %

Total shareholders’ equity, no minority interest, stood at SAR 39.25 million by the end of 2023, compared to SAR 30.98 million a year before.

 

Historical Data

Period

Revenues

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2022

25.30

3.64

1.92

H2 2022

33.27

6.67

3.51

H1 2023

37.18

10.93

5.75

H2 2023

37.13

7.66

4.03

 

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Share Price

Al-Modawat Specialized Medical Co.
16.26
0.00 0.00 %

Al-Modawat Specialized Medical Co. (ALMODAWAT)

1 Day 54.27 % 5 Days (1.45 %) 3 Months (2.63 %) 6 Months 9.86 % Year 54.86 % 2 Years 54.27 % 5 Years 54.27 % All 54.27 %
Created with Highstock 6.0.711:1013:0013:1013:3013:3513:4013:5013:5514:1014:1514:2514:5516.0516.116.1516.216.2516.316.3516.416.4516.516.55
Close : 16.44 | Mar 26, 14:55
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