Dallah Healthcare Co. reported a net profit after Zakat and tax of SAR 19.2 million for the first quarter of 2020, down 46% year-on-year (YoY), compared to SAR 35.2 million in the same period last year.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 321.15 | 314.61 | (2.0 %) |
| Gross Income | 120.26 | 105.76 | (12.1 %) |
| Operating Income | 41.24 | 26.42 | (35.9 %) |
| Net Income | 35.17 | 19.24 | (45.3 %) |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.39 | 0.21 | (45.3 %) |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 343.60 | 314.61 | (8.4 %) |
| Gross Income | 127.34 | 105.76 | (17.0 %) |
| Operating Income | 64.09 | 26.42 | (58.8 %) |
| Net Income | 69.79 | 19.24 | (72.4 %) |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.78 | 0.21 | (72.4 %) |
The company attributed the performance to higher credit loss provision, increase in pre-operating expenses for Dr. Moahemd Alfaqeeh Hospital, and lower number of patients due to Ministry of Health instructions about proactive application of infection control.
When compared to the previous quarter, net profit fell by 72.4%, on gains in revaluation of investment fund in Q4 2019.
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