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Mouwasat Medical Services Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 534.12493.948.134533.60.097
Gross Profit (Loss) 254.3220.5515.302249.212.042
Operational Profit (Loss) 158.49122.9828.874150.355.414
Net Profit (Loss) after Zakat and Tax 147.19108.0236.261143.32.714
Total Comprehensive Income 147.19108.0236.261143.32.714
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 2,426.332,063.5417.58
Profit (Loss) per Share 1.471.08
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is The reason for the increase in net profit during the current quarter compared to the corresponding quarter of the previous year due to: -

1- increase in revenue by 8% resulting from: -

A. continuous effective utilization of newly specialized resources.

B. Enhancement of contractual terms with customers.

C. Continuous enhancement of operating efficiency of the available resources.

2- decrease in selling and distribution expenses during the current quarter compared to corresponding quarter.

3- Low financing cost due to the decrease in principle amount of loans with the value of the instalments paid during the period in addition to the decrease in the cost of borrowing (SIBOR).

The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is The reason for the increase in net profit during the current quarter compared to the previous quarter is due to:

1- Marginal increase in revenues.

2- decrease in some of the operating cost items during the current quarter compared with previous quarter.

3- decrease in selling and distribution expenses during the current quarter compared to previous quarter.

4- Low financing cost due to the decrease in principle amount of loans with the value of the instalments paid during the period.

Statement of the type of external auditor's report Unmodified conclusion
Reclassification of Comparison Items N-A
Additional Information The company would like to indicate the possibility of sending investors and financial analysts’ inquiries via email (Shares@mouwasat.com) within 6 working days from the date of publishing the financial statements.

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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