Canadian Medical Center H1 2023 net profit slightly up to SAR 8 mln

Canadian Medical Center H1 2023 net profit slightly up to SAR 8 mln

13/08/2023 Argaam Exclusive

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Canadian Medical Center Co. (CMCER) posted a net profit of SAR 8 million in H1 2023, slightly up from SAR 7.9 million a year earlier on higher operating revenue.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 38.92 45.22 16.2 %
Gross Income 12.63 14.21 12.5 %
Operating Income 9.11 8.31 (8.8 %)
Net Income 7.94 8.00 0.8 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.10 0.10 0.8 %

This came despite a decrease of 8.84% in operating profit to SAR 8.31 million from SAR 9.11 million in H1 2022, mainly due to an increase of SAR 1.97 million in the allowance for doubtful debts. 



Current Half Annual Comparison (M)

Compared With The
Item H1 2022 H1 2023 Change‬
Revenues 38.92 45.22 16.2 %
Gross Income 12.63 14.21 12.5 %
Operating Income 9.11 8.31 (8.8 %)
Net Income 7.94 8.00 0.8 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.10 0.10 0.8 %

Shareholders’ equity, excluding minority interest, stood at SAR 90.75 million as of June 30, 2023, compared to SAR 90.51 million a year earlier.

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 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 %)
H1 2023 45.22 16.2 % 14.21 12.5 % 8.31 (8.8 %)


Profit Performance (Million)

Period Net Income Change EPS(Riyal) 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 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
H1 2023 8.00 0.8 % 0.10 - 8.00 0.10

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 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 %
H1 2023 30.34 % 22.31 % 17.96 %


Per Share Data (Riyal)

Compared With The
Period Shares Outstanding (M) EPS (Riyal) Adjusted EPS (Riyal) 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 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
H1 2023 77.00 0.20 0.20 1.18

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 47.36 47.36 7.05
H1 2022 22.96 22.96 4.32
H2 2022 22.13 22.13 3.98
H1 2023 27.97 27.97 4.84

Business Segments (Million)

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


Share Price

Canadian Medical Center Co.
7.00
0.02 0.29 %

Canadian Medical Center Co. (CMCER)

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