National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 97.3 million for 2020, an increase of 21%, compared to SAR 80.1 million in the year-earlier period.
| Item | 2019 | 2020 | Change |
|---|---|---|---|
| Revenues | 708.39 | 808.95 | 14.2 % |
| Gross Income | 165.66 | 223.88 | 35.1 % |
| Operating Income | 88.37 | 114.11 | 29.1 % |
| Net Income | 80.09 | 97.27 | 21.4 % |
| Average Shares | 44.85 | 44.85 | - |
| EPS (Riyals) | 1.79 | 2.17 | 21.4 % |
The higher earnings were attributed to 14.2% increase year-on-year (YoY) in net revenues, lower cost of sales, 23.4% improvement in gross profit margin and reduced general and administrative expenses.
The Q4 2020 net profit after Zakat and tax jumped 12% YoY to SAR 22 million.
| Item | Q4 2019 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 185.52 | 214.60 | 15.7 % |
| Gross Income | 39.27 | 61.73 | 57.2 % |
| Operating Income | 22.88 | 25.36 | 10.9 % |
| Net Income | 19.64 | 22.00 | 12.0 % |
| Average Shares | 44.85 | 44.85 | - |
| EPS (Riyals) | 0.44 | 0.49 | 12.0 % |
| Item | Q3 2020 | Q4 2020 | Change |
|---|---|---|---|
| Revenues | 213.31 | 214.60 | 0.6 % |
| Gross Income | 51.06 | 61.73 | 20.9 % |
| Operating Income | 22.70 | 25.36 | 11.7 % |
| Net Income | 16.32 | 22.00 | 34.8 % |
| Average Shares | 44.85 | 44.85 | - |
| EPS (Riyals) | 0.36 | 0.49 | 34.8 % |
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