Care’s H1 2021 net profit rises 13% to SAR 66.5 mln

11/08/2021 Argaam Exclusive
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National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 66.5 million for the first half of 2021, a 13% increase from SAR 58.9 million in the same period last year.



Financials (M)

Item 6m 2020 6m 2021 Change‬
Revenues 381.05 416.68 9.4 %
Gross Income 111.08 121.40 9.3 %
Operating Income 66.05 79.77 20.8 %
Net Income 58.94 66.47 12.8 %
Average Shares 44.85 44.85 -
Earnings Per Share before unusual items 1.31 1.48 12.8 %
EPS (Riyals) 1.31 1.48 12.8 %

The profit-rise was attributed to increase in business as patient visits rose, along with lower selling and marketing expenses due to reduction in bad debt provisions.

 

On the other hand, the firm noted higher consumption of materials and consumables, lower other income, and an increase in Zakat charges.



Current Quarter Comparison (M)

Compared With The
Item Q2 2020 Q2 2021 Change‬
Revenues 186.04 202.49 8.8 %
Gross Income 58.87 57.77 (1.9 %)
Operating Income 29.77 37.59 26.3 %
Net Income 25.78 30.74 19.2 %
Average Shares 44.85 44.85 -
Earnings Per Share before unusual items 0.57 0.69 19.2 %
EPS (Riyals) 0.57 0.69 19.2 %

In Q2 2021, net profit after Zakat and tax rose 19% year-on-year (YoY) to SAR 30.7 million, due to higher revenue and lower selling and marketing expenses.

 

On a sequential basis, Q2 net profit fell 14% from SAR 35.7 million.

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Share Price

National Medical Care Co.
154.60
(5.80) (3.62 %)

National Medical Care Co. (CARE)

1 Day (3.62 %) 5 Days (3.62 %) 3 Months (6.98 %) 6 Months (21.12 %) Year (18.63 %) 2 Years 73.12 % 5 Years 318.97 % All 26.72 %
Created with Highstock 6.0.710:1010:2010:3010:4010:5011:0011:1011:2011:3011:5012:1012:2012:3012:4013:0013:1013:3013:5014:1014:3014:4015:1092.592.759393.2593.593.759494.2594.594.75
Close : 93.60 | Apr 3, 15:11
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Financial Ratios
Current
Market Cap (M Riyal) 6,933.81
Enterprise Value (EV) (M) 6,669.19
Shares Outstanding ((M)) 44.85
EPS ( Riyal) (TTM) 6.65
Book Value (BV) ( Riyal) 36.33
Par Value ( Riyal) 10.00
Adjusted P/E (Last12) 30.57
P/E (TTM) 23.26
Price/book 4.26
Return on Average Assets (%) (TTM) 12.6
Return on Average Equity (%) (TTM) 15.5
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