Dallah Healthcare Co. reported a net profit after Zakat and tax after minorities of SAR 258.3 million for 2021, an 88% increase, from SAR 137.7 million logged a year earlier.
| Item | 2020 | 2021 | Change |
|---|---|---|---|
| Revenues | 1,318.25 | 2,105.18 | 59.7 % |
| Gross Income | 449.73 | 760.36 | 69.1 % |
| Operating Income | 125.16 | 327.92 | 162.0 % |
| Net Income | 132.00 | 258.60 | 95.9 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 1.47 | 2.87 | 95.9 % |
The profit surge was attributed to higher revenue driven by the acquisitions made by the company during the last quarter of the previous year and increasing the number of patients, which led to an increase in occupancy rates for outpatient clinics and inpatient.
Improved gross profit margin due to a decrease in cost of revenue as a percentage of revenue was also cited as a reason for the increase by the company.
Dallah reported a net profit of SAR 73.4 million for Q4 2021, a 27% increase, from SAR 57.7 million in Q4 2020.
On a sequential basis, net earnings fell 13.3% from SAR 84.7 million in Q3 2021.
| Item | Q4 2020 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 405.30 | 575.57 | 42.0 % |
| Gross Income | 143.57 | 222.91 | 55.3 % |
| Operating Income | 40.26 | 116.48 | 189.4 % |
| Net Income | 51.98 | 108.60 | 108.9 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.58 | 1.21 | 108.9 % |
| Item | Q3 2021 | Q4 2021 | Change |
|---|---|---|---|
| Revenues | 544.12 | 575.57 | 5.8 % |
| Gross Income | 192.46 | 222.91 | 15.8 % |
| Operating Income | 69.95 | 116.48 | 66.5 % |
| Net Income | 49.85 | 108.60 | 117.8 % |
| Average Shares | 90.00 | 90.00 | - |
| EPS (Riyals) | 0.55 | 1.21 | 117.8 % |
Total shareholders’ equity, excluding minority interest, grew 4% to SAR 1.867 billion from SAR 1.795 billion a year ago.
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