Tibbiyah posts 69% profit fall to SAR 25.8 mln in 2022

30/03/2023 Argaam Exclusive

View other reports

Arabian International Healthcare Holding Co. (Tibbiyah) reported a 69% drop in 2022 net profit to SAR 25.8 million, from SAR 82.3 million in 2021.

Financials (M)

Item	2021	2022	Change‬
Revenues	618.54	642.67	3.9 %
Gross Income	143.52	154.16	7.4 %
Operating Income	70.10	44.03	(37.2 %)
Net Income	82.31	20.47	(75.1 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	4.12	1.02	(75.1 %)

Operating profit dropped 42.6% year-on-year (YoY) to SAR 107.1 million, due to higher selling, general and administrative expenses.

Current Half Annual Comparison (M)

Compared With The

Item	H2 2021	H2 2022	Change‬
Revenues	369.30	427.43	15.7 %
Gross Income	85.79	113.36	32.1 %
Operating Income	60.70	60.94	0.4 %
Net Income	77.22	41.15	(46.7 %)
Average Shares	20.00	20.00	-
EPS (Riyals)	3.86	2.06	(46.7 %)

Item	H1 2022	H2 2022	Change‬
Revenues	215.24	427.43	98.6 %
Gross Income	40.80	113.36	177.8 %
Operating Income	(16.92)	60.94	460.2 %
Net Income	(20.68)	41.15	299.0 %
Average Shares	20.00	20.00	-
EPS (Riyals)	(1.03)	2.06	299.0 %

On the other hand, revenues grew 3.9% YoY to SAR 618.5 million in 2022.

Shareholders’ equity, no minority interest, declined to SAR 249.96 million as of Dec. 31, 2022, from SAR 333.39 million a year earlier.

View more financial results

Financial results (Million)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
H1 2013	-	-	-	-	-	-
H2 2013	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	697.03	-	171.34	-	61.71	-
H1 2020	193.65	-	38.94	-	(10.98)	-
H2 2020	625.04	-	159.44	-	109.27	-
2020	818.69	17.5 %	198.38	15.8 %	98.28	59.3 %
H1 2021	249.24	28.7 %	57.73	48.2 %	9.40	185.5 %
H2 2021	369.30	(40.9 %)	85.79	(46.2 %)	60.70	(44.4 %)
2021	618.54	(24.4 %)	143.52	(27.7 %)	70.10	(28.7 %)
H1 2022	215.24	(13.6 %)	40.80	(29.3 %)	(16.92)	(280.1 %)
H2 2022	427.43	15.7 %	113.36	32.1 %	60.94	0.4 %
2022	642.67	3.9 %	154.16	7.4 %	44.03	(37.2 %)

Period	Revenues	Change	Gross Income	Change	Operating Income	Change
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	697.03	-	171.34	-	61.71	-
2020	818.69	17.5 %	198.38	15.8 %	98.28	59.3 %
2021	618.54	(24.4 %)	143.52	(27.7 %)	70.10	(28.7 %)
2022	642.67	3.9 %	154.16	7.4 %	44.03	(37.2 %)

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	-	-	-	-	-	-
2013	-	-	-	-	-	-
H1 2014	-	-	-	-	-	-
H2 2014	-	-	-	-	-	-
2014	-	-	-	-	-	-
H1 2015	-	-	-	-	-	-
H2 2015	-	-	-	-	-	-
2015	-	-	-	-	-	-
H1 2016	-	-	-	-	-	-
H2 2016	-	-	-	-	-	-
2016	-	-	-	-	-	-
H1 2017	-	-	-	-	-	-
H2 2017	-	-	-	-	-	-
2017	-	-	-	-	-	-
H1 2018	-	-	-	-	-	-
H2 2018	-	-	-	-	-	-
2018	-	-	-	-	-	-
H1 2019	-	-	-	-	-	-
H2 2019	-	-	-	-	-	-
2019	41.13	-	2.06	(7.00)	48.13	2.41
H1 2020	(30.96)	-	(1.55)	-	(30.96)	(1.55)
H2 2020	126.75	-	6.34	36.37	90.37	4.52
2020	95.79	132.9 %	4.79	36.37	59.42	2.97
H1 2021	5.10	116.5 %	0.25	-	5.10	0.25
H2 2021	77.22	(39.1 %)	3.86	14.63	62.59	3.13
2021	82.31	(14.1 %)	4.12	14.63	67.69	3.38
H1 2022	(20.68)	(505.8 %)	(1.03)	-	(20.68)	(1.03)
H2 2022	41.15	(46.7 %)	2.06	(6.12)	47.27	2.36
2022	20.47	(75.1 %)	1.02	(6.12)	26.60	1.33

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	-	-	-	-	-	-
2014	-	-	-	-	-	-
2015	-	-	-	-	-	-
2016	-	-	-	-	-	-
2017	-	-	-	-	-	-
2018	-	-	-	-	-	-
2019	41.13	-	2.06	(7.00)	48.13	2.41
2020	95.79	132.9 %	4.79	36.37	59.42	2.97
2021	82.31	(14.1 %)	4.12	14.63	67.69	3.38
2022	20.47	(75.1 %)	1.02	(6.12)	26.60	1.33

Profitability

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
H1 2013	-	-	-
H2 2013	-	-	-
2013	-	-	-
H1 2014	-	-	-
H2 2014	-	-	-
2014	-	-	-
H1 2015	-	-	-
H2 2015	-	-	-
2015	-	-	-
H1 2016	-	-	-
H2 2016	-	-	-
2016	-	-	-
H1 2017	-	-	-
H2 2017	-	-	-
2017	-	-	-
H1 2018	-	-	-
H2 2018	-	-	-
2018	-	-	-
H1 2019	-	-	-
H2 2019	-	-	-
2019	24.58 %	9.88 %	6.90 %
H1 2020	-	-	-
H2 2020	24.23 %	12.88 %	7.26 %
2020	24.23 %	12.88 %	7.26 %
H1 2021	24.84 %	14.38 %	10.92 %
H2 2021	23.20 %	12.41 %	10.94 %
2021	23.20 %	12.41 %	10.94 %
H1 2022	21.66 %	8.60 %	7.17 %
H2 2022	23.99 %	8.14 %	4.14 %
2022	23.99 %	8.14 %	4.14 %

Period	Gross Margin	OIBDA Margin	Net Margin Before Unusual Items
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	24.58 %	9.88 %	6.90 %
2020	24.23 %	12.88 %	7.26 %
2021	23.20 %	12.41 %	10.94 %
2022	23.99 %	8.14 %	4.14 %

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	20.11 %	(3.78 %)	(15.99 %)
H2 2020	25.51 %	18.05 %	14.46 %
H1 2021	23.16 %	5.19 %	2.04 %
H2 2021	23.23 %	17.27 %	16.95 %
H1 2022	18.96 %	(6.29 %)	(9.61 %)
H2 2022	26.52 %	15.40 %	11.06 %

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	20.00	-	-	-
H2 2020	20.00	4.79	2.97	16.62
H1 2021	20.00	6.59	4.77	12.74
H2 2021	20.00	4.12	3.38	16.67
H1 2022	20.00	2.83	2.10	12.64
H2 2022	20.00	1.02	1.33	14.48

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	Book Value (BV)
2013	-	-	-	-
2014	-	-	-	-
2015	-	-	-	-
2016	-	-	-	-
2017	-	-	-	-
2018	-	-	-	-
2019	20.00	2.06	2.41	13.31
2020	20.00	4.79	2.97	16.62
2021	20.00	4.12	3.38	16.67
2022	20.00	1.02	1.33	14.48

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	-	-	-
H1 2022	18.43	24.86	4.12
H2 2022	36.24	27.90	2.56

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	-	-	-
2015	-	-	-
2016	-	-	-
2017	-	-	-
2018	-	-	-
2019	-	-	-
2020	-	-	-
2021	-	-	-
2022	36.24	27.90	2.56

Business Segments (Million)

Compared With The

Period	Medical devices	Medical supplies	Other activities
Q2 2021	123.93	125.30	-
Q4 2021	180.28	189.03	-
Q2 2022	73.94	141.30	-
Q4 2022	201.10	188.46	37.88

Period	Medical devices	Medical supplies	Other activities
2019	416.44	280.60	-
2020	534.57	284.12	-
2021	304.21	314.33	-
2022	275.04	329.76	37.88

Financial Ratios

	Current
Market Cap (M Riyal)	770.00
Enterprise Value (EV) (M)	1,211.97
Shares Outstanding ((M))	20.00
Book Value (BV) ( Riyal)	15.33
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	More than 100
Price/book	2.51

Arabian International Healthcare Holding Co. (TIBBIYAH)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Tibbiyah posts 69% profit fall to SAR 25.8 mln in 2022

View other reports

Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million)

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

Arabian International Healthcare Holding Co. (TIBBIYAH)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

Tibbiyah posts 69% profit fall to SAR 25.8 mln in 2022

View other reports

Financials (M)

Current Half Annual Comparison (M)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (Million)

Profitability

Profitability

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q4 2022

Revenue by Business Segment (Latest) 2022 Q4

Financial Ratios

Share Price

Arabian International Healthcare Holding Co. (TIBBIYAH)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)