Future Care posts 24% rise in H1 2023 profit to SAR 5.9 mln

Future Care posts 24% rise in H1 2023 profit to SAR 5.9 mln

14/08/2023 Argaam Exclusive

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Future Care Trading Co. reported a 24% increase in H1 2023 net profit to SAR 5.9 million from SAR 4.8 million a year earlier.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 15.04 23.04 53.2 %
Gross Income 8.25 11.61 40.6 %
Operating Income 4.83 5.50 14.0 %
Net Income 4.77 5.89 23.5 %
Average Shares 500.00 500.00 -
EPS (Halala) 0.95 1.18 23.5 %


Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 15.04 23.04 53.2 %
Gross Income 8.25 11.61 40.6 %
Operating Income 4.83 5.50 14.0 %
Net Income 4.77 5.89 23.5 %
Average Shares 500.00 500.00 -
EPS (Halala) 0.95 1.18 23.5 %

The half-year results were lifted by an increase in the number of patients, and the opening of new branches in Riyadh and Dammam. Future Care also recorded a rise in the number of services, and embarked on its expansion plans.

 

Shareholders’ equity, no minority interest, reached SAR 65.01 million as of June 30, 2023, up from SAR 58.47 million in the prior-year period.

 

Historical Data

Period

Revenue

(SAR mln)

Net Profit

(SAR mln)

EPS

(SAR)

H1 2021

41.07

20.06

0.04

H2 2021

30.96

16.64

0.03

H1 2022

15.04

4.77

0.05

H2 2022

19.09

0.36

0.00

H1 2023

23.04

5.89

0.01

View More Financial Results

 


Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 41.07 - 26.31 - 20.12 -
H2 2021 30.95 - 16.01 - 18.15 -
H1 2022 15.04 (63.4 %) 8.25 (68.6 %) 4.83 (76.0 %)
H2 2022 19.09 (38.3 %) 3.98 (75.1 %) 0.94 (94.8 %)
H1 2023 23.04 53.2 % 11.61 40.6 % 5.50 14.0 %


Profit Performance (Million)

Period Net Income Change EPS(Halala) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2014 - - - - - -
H2 2014 - - - - - -
H1 2015 - - - - - -
H2 2015 - - - - - -
H1 2016 - - - - - -
H2 2016 - - - - - -
H1 2017 - - - - - -
H2 2017 - - - - - -
H1 2018 - - - - - -
H2 2018 - - - - - -
H1 2019 - - - - - -
H2 2019 - - - - - -
H1 2020 - - - - - -
H2 2020 - - - - - -
H1 2021 20.06 - 4.01 - 20.06 0.04
H2 2021 16.65 - 3.33 - 16.65 0.03
H1 2022 4.77 (76.2 %) 0.95 - 4.77 0.01
H2 2022 0.36 (97.9 %) 0.07 - 0.36 0.00
H1 2023 5.89 23.5 % 1.18 - 5.89 0.01

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 58.75 % 55.22 % 50.95 %
H1 2022 52.76 % 52.73 % 46.57 %
H2 2022 35.86 % 21.78 % 15.02 %
H1 2023 37.01 % 20.52 % 14.83 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Halala) Adjusted EPS (Halala) Book Value (BV)
H1 2014 - - - -
H2 2014 - - - -
H1 2015 - - - -
H2 2015 - - - -
H1 2016 - - - -
H2 2016 - - - -
H1 2017 - - - -
H2 2017 - - - -
H1 2018 - - - -
H2 2018 - - - -
H1 2019 - - - -
H2 2019 - - - -
H1 2020 - - - -
H2 2020 - - - -
H1 2021 500.00 - - 0.07
H2 2021 500.00 7.34 7.34 0.11
H1 2022 500.00 4.28 4.28 0.12
H2 2022 500.00 1.03 1.03 0.12
H1 2023 500.00 1.25 1.25 0.13

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2014 - - -
H2 2014 - - -
H1 2015 - - -
H2 2015 - - -
H1 2016 - - -
H2 2016 - - -
H1 2017 - - -
H2 2017 - - -
H1 2018 - - -
H2 2018 - - -
H1 2019 - - -
H2 2019 - - -
H1 2020 - - -
H2 2020 - - -
H1 2021 - - -
H2 2021 - - -
H1 2022 - - -
H2 2022 More than 100 More than 100 20.01
H1 2023 More than 100 More than 100 299.08


Financial Ratios
Current
Market Cap (M Riyal) 5,300.00
Enterprise Value (EV) (M) 5,249.01
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 0.15
Par Value ( Halala) 10.00
Adjusted P/E (Last12) More than 100
Price/book 71.97
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Share Price

Future Care Trading Co.
10.46
(0.14) (1.32 %)

Future Care Trading Co. (FUTURE CARE)

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