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Aldawaa Medical Services Co. announces its Interim Financial Results for the Period Ending on 2023-06-30 ( Six Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 1,436,739 | 1,310,191 | 9.66 | 1,407,592 | 2.07 |
| Gross Profit (Loss) | 525,642 | 506,789 | 3.72 | 534,976 | -1.74 |
| Operational Profit (Loss) | 122,041 | 90,552 | 34.77 | 114,964 | 6.16 |
| Net Profit (Loss) after Zakat and Tax | 89,334 | 80,672 | 10.74 | 76,255 | 17.15 |
| Total Comprehensive Income | 176,164 | 14,443 | 1,119.72 | 87,890 | 100.44 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 2,844,331 | 2,605,012 | 9.19 |
| Gross Profit (Loss) | 1,060,618 | 1,000,965 | 5.96 |
| Operational Profit (Loss) | 237,005 | 161,266 | 46.97 |
| Net Profit (Loss) after Zakat and Tax | 165,589 | 167,781 | -1.31 |
| Total Comprehensive Income | 264,053 | 96,839 | 172.67 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,252,991 | 1,086,025 | 15.37 |
| Profit (Loss) per Share | 1.95 | 1.97 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| 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 by 8.7 million SAR, or 10.7% compared to the same quarter of the last year 2022, is due to the following: Revenues: The Company achieved an increase in revenues in the second quarter of 2023 by 126.5 million SAR, or 9.7% over the same quarter of the previous year 2022. Gross profit: Gross profits in the second quarter of 2023 amounted to 525.6 million SAR, compared to 506.7 million SAR in the same quarter of the previous year 2022, achieving an increase of 18.8 million SAR, or 3.7% over the second quarter of 2022. Operating profits: The Company achieved an Operating profits in the second quarter of 2023 by 122 million Saudi riyals, with margin of (8.5%) of net sales, which was 90.5 million Saudi riyals in the same quarter of the previous year 2022, with margin of (7%) of Net sales, achieving an increase of 31.4 million Saudi riyals, or 34.8%, over the operating profits for the same quarter of the previous year 2022. Net profit: The net profit margin reached to (6.2%) in the second quarter of 2023, which corresponds to the profit margin (6.2%) for the same quarter of the previous year 2022, thus achieving an increase in net profit in the second quarter of 2023 by 10.7%, amounting to 8.7 million SAR compared to the same quarter of the previous year 2022, mainly due to the increase in sales and the decrease in selling and distribution expenses. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | The reason for the increase in net profit by 13 million SAR, or by 17.2% compared to the previous quarter of 2023, is due to the following: Revenues: The Company achieved an increase in revenues in the second quarter of 2023 amounting to 29.1 million SAR, at a rate of 2.1% over the previous quarter of 2023. Gross profit: Gross profit decreased from the previous quarter of 2023 by 9.3 million SAR, or by 1.7%. Operating profits: Operating profits increased in the second quarter of 2023 compared to the previous quarter 2023 by 7 million SAR, or by 6.1%. Net profit: The net profit increased from the previous quarter of 2023 by 13 million SAR, or by 17.2%, and this is due to the increase in sales and the decrease in selling and distribution expenses. |
| The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is | The reason for the decrease in net profit during the current period of 2023 compared to the same period of the previous year 2022 is due to the following: Revenues: The Company achieved an increase in revenues in the first half of 2023 amounting to 239.3 million SAR, or 9.2% over the same period of the previous year 2022. Gross profits: Gross profits in the first half of 2023 amounted to 1,060 million SAR, compared to the Gross profits in the same period of the previous year, which amounted to 1,000 million SAR, achieving an increase of 59.6 million SAR, or 6% over the same period of the previous year 2022. Operating profits: in the first half of 2023 amounted to 237 million SAR, with a profit margin of (8.3%) of net sales, compared to the same period of the previous year 2022 amounted to 161.2 million SAR, with a profit margin of (6.2%) of net sales. Thus, achieving an increase of 75.7 million SAR, or 47%, over the operating profits for the same period of the previous year 2022. Net profit: The Company achieved a net profit of 165.6 million SAR in the first half of 2023, with a profit margin of (5.8%) from net sales, compared to a net profit of 167.7 million SAR or margin of (6.4%) in the same period of the previous year 2022. Thus achieving a decrease in net profit of 2.1 million SAR, or by 1.3%, compared to the same period of the previous year, and this is due to the increase in other income in the same period of the previous year 2022. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | Not applicable |
| Reclassification of Comparison Items | Not applicable |
| Additional Information | Not applicable |
The Capital Market Authority and Saudi 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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