Future Care reports 76% slump in H1 2022 profit to SAR 4.8 mln

13/09/2022 Argaam Exclusive

Future Care Trading Co. posted a plunge of 76% in H1 2022 net profit after Zakat and tax to SAR 4.8 million, compared to SAR 20.1 million in the year-earlier period.

Financials (M)

Item 6m 2021 6m 2022 Change‬
Revenues 41.07 15.04 (63.4 %)
Gross Income 26.31 8.25 (68.6 %)
Operating Income 20.12 4.83 (76.0 %)
Net Income 20.06 4.77 (76.2 %)
Average Shares 500.00 500.00 -
EPS (Riyals) 0.04 0.01 (76.2 %)

The company said that revenue dropped 63.39% year-on-year (YoY), due to a sharp decline in the number of patients. This decline was mainly attributed to the easing of COVID-19 restrictions imposed during 2021 as patients were allowed to visit hospitals instead of using home care services. Insurance companies also reduced credit limits for some categories of patients.

 

On the other hand, costs fell by 54% YoY on lower operating expenses.

Shareholders equity, after minority interest, reached SAR 58.476 million as of June 30, 2022, up from SAR 37.483 million a year earlier.

 

View more financial results

 

View other reports

Share Price

Future Care Trading Co.
18.00
(0.38) (2.07 %)

Future Care Trading Co. (Future Care)

Financial Ratios
Current
Market Cap (M Riyal) 9,000.00
Enterprise Value (EV) (M) 8,965.19
Shares Outstanding ((M)) 500.00
Book Value (BV) ( Riyal) 0.12
Par Value ( Halala) 10.00
Adjusted P/E (Last12) More than 50
Price/book 153.92
more

Kindly, you can view the full report by subscribing to the

The report contains the details of the financial statements, The most important financial indicators, Historical information, Charts, and Forecasts of experts.

Contact Us (+966)-92000-7759

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2023, Argaam Investment, All Rights Reserved
Call Request