Al Hammadi’s H1 profit up 28% to SAR 53.6 mln

16/08/2017 Argaam Exclusive

 

Al Hammadi Development & Investment Co.’s net profit for H1 2017 rose 28 percent year-on-year (YoY) to SAR 53.6 million on a 26 percent jump in revenue.

 

The increase in net profit during the period came despite the closure of Al Hammadi Hospital Olaya for nearly six months, the company added in its financial statements.



Financials (M)

Item 6m 2016 6m 2017 Change‬
Revenues 282.24 356.94 26.5 %
Gross Income 112.30 120.18 7.0 %
Operating Income 54.29 66.49 22.5 %
Net Income 41.77 53.63 28.4 %
Average Shares 160.00 160.00 -
EPS (Riyals) 0.26 0.34 28.4 %

The company’s net profit for the second quarter increased by 24 percent YoY to SAR 25.7 million due to a 28 percent jump in revenue on improved contract terms. When compared to the previous quarter, Q2 2017 net profit dropped 8.3 percent from SAR 28 million.



Current Quarter Comparison (M)

Compared With The
Item Q2 2016 Q2 2017 Change‬
Revenues 138.08 176.71 28.0 %
Gross Income 57.56 58.16 1.0 %
Operating Income 27.63 32.88 19.0 %
Net Income 20.63 25.66 24.4 %
Average Shares 160.00 160.00 -
EPS (Riyals) 0.13 0.16 24.4 %

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