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Arabian International Healthcare Holding Co. announces its Annual Financial Results for the Period Ending on 31-12-2021

Element ListCurrent YearPrevious Year%Change
Sales/Revenue 618,540818,689-24.447
Gross Profit (Loss) 143,518198,380-27.655
Operational Profit (Loss) 107,107142,511-24.842
Net Profit (Loss) after Zakat and Tax 82,31495,790-14.068
Total Comprehensive Income 83,62897,014-13.798
Total Share Holders Equity (after Deducting Minority Equity) 20,0005003,900
Profit (Loss) per Share 4.173.3
All figures are in (Thousands) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is Tibbiyah has reported the 2021 preliminary financial results with revenue of Sr 618.5 million versus Sr 818.7 million revenue in 2020. While consumable business witnessed growth, the demand for equipment returned to normalcy post COVID considering that 2020 was an extra-ordinary year due to COVID-19 impact.

Despite a drop-in revenue by 24%, Tibbiyah managed to reduce the negative impact on net profit to 14% compared to previous year with Sr 82.3 million net profit through operating cost efficiencies and working capital management. In fact, Tibbiyah managed to improve the net profit margin to 13% compared to 12% in 2020.

Statement of the type of external auditor's report Unmodified opinion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion N/A
Reclassification of Comparison Items Certain comparative information has been reclassified to align with current year presentation for the year ended 31 December 2021.
Additional Information None

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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