Canadian Medical Center profit up 11% to SAR 15.7 mln in 2022

Canadian Medical Center profit up 11% to SAR 15.7 mln in 2022

19/03/2023 Argaam Exclusive

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Canadian Medical Center Co. (CMCER) posted a net profit of SAR 15.7 million in 2022, an 11% increase from SAR 14 million a year earlier.



Financials (M)

Item 2021 2022 Change‬
Revenues 70.64 81.23 15.0 %
Gross Income 25.19 24.97 (0.9 %)
Operating Income 16.30 17.26 5.9 %
Net Income 14.06 15.65 11.3 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.18 0.20 11.3 %

The positive performance was driven by higher operating revenues and lower costs incurred compared to a year earlier.



Current Half Annual Comparison (M)

Compared With The
Item H2 2021 H2 2022 Change‬
Revenues 40.46 42.31 4.6 %
Gross Income 12.80 12.34 (3.6 %)
Operating Income 9.80 8.15 (16.9 %)
Net Income 9.10 7.72 (15.2 %)
Average Shares 77.00 77.00 -
EPS (Riyals) 0.12 0.10 (15.2 %)

Total shareholders’ equity, no minority interest, stood at SAR 87.01 million as of Dec. 31, 2022, compared to SAR 94.45 million a year earlier. 



Financial results (Million)

Period Revenues Change Gross Income Change Operating Income Change
H1 2013 - - - - - -
H2 2013 - - - - - -
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 29.83 - 12.22 - 8.72 -
H2 2020 34.38 - 11.80 - 8.44 -
H1 2021 30.18 1.2 % 12.39 1.4 % 6.51 (25.4 %)
H2 2021 40.46 17.7 % 12.80 8.4 % 9.80 16.0 %
H1 2022 38.92 28.9 % 12.63 1.9 % 9.11 40.1 %
H2 2022 42.31 4.6 % 12.34 (3.6 %) 8.15 (16.9 %)
2022 81.23 15.0 % 24.97 (0.9 %) 17.26 5.9 %


Profit Performance (Million)

Period Net Income Change EPS(Riyal) Extraordinary Income/Expense Net Profit Before Unusual Items EPS Before XO Items
H1 2013 - - - - - -
H2 2013 - - - - - -
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 8.40 - 0.11 - 8.40 0.11
H2 2020 7.75 - 0.10 - 7.75 0.10
H1 2021 4.96 (40.9 %) 0.06 - 4.96 0.06
H2 2021 9.10 17.4 % 0.12 - 9.10 0.12
H1 2022 7.94 59.9 % 0.10 - 7.94 0.10
H2 2022 7.72 (15.2 %) 0.10 - 7.72 0.10
2022 15.65 11.3 % 0.20 - 15.65 0.20

Profitability

Period Gross Margin OIBDA Margin Net Margin Before Unusual Items
H1 2013 - - -
H2 2013 - - -
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 37.42 % 31.13 % 25.15 %
H1 2021 37.48 % 28.00 % 19.70 %
H2 2021 35.66 % 27.24 % 19.91 %
H1 2022 32.04 % 27.32 % 21.47 %
H2 2022 30.74 % 25.12 % 19.27 %
2022 30.74 % 25.12 % 19.27 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) Book Value (BV)
H1 2013 - - - -
H2 2013 - - - -
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 77.00 - - 0.19
H2 2020 77.00 0.21 0.21 1.20
H1 2021 77.00 0.17 0.17 1.26
H2 2021 77.00 0.18 0.18 1.23
H1 2022 77.00 0.22 0.22 1.18
H2 2022 77.00 0.20 0.20 1.13

Multiple Ratios (End of Period Price)

Compared With The
Period P/E Adjusted P/E Price/book
H1 2013 - - -
H2 2013 - - -
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 47.36 47.36 7.05
H1 2022 22.96 22.96 4.32
H2 2022 22.13 22.13 3.98

Business Segments (Million)

Compared With The
Period Medical Clinics Sector Medical Clinics Project Contracts Sector


Share Price

Canadian Medical Center Co. (CMCER)


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