Financial Results : AME profit rises 35% to SAR 45.4M in 2024; H2 at SAR 18.8

AME profit rises 35% to SAR 45.4M in 2024; H2 at SAR 18.8

24/03/2025 Argaam Exclusive

View other reports

AME Company for Medical Supplies posted a net profit rise of 35.5% to SAR 45.4 million in 2024 from SAR 33.5 million in 2023.



Financials (M)

Item 2023 2024 Change‬
Revenues 220.01 248.35 12.9 %
Gross Income 95.45 102.16 7.0 %
Operating Income 33.18 45.16 36.1 %
Net Income 33.52 45.40 35.5 %
Average Shares 7.00 7.00 -
Earnings Per Share before unusual items (Riyals) 4.79 6.49 35.5 %
EPS (Riyal) 4.79 6.49 35.5 %

The profit growth was attributed to higher sales of medical supplies and devices by SAR 28.34 million.

 

This increase resulted from the company's acquisition of a larger market share, which reflected growth in sales driven by increased market demand and effective sales strategies by acquiring new customers and introducing new products to the same existing customers.

 

In addition, AME intensified advertising and marketing efforts and hired additional staff in sales and marketing departments to ensure better coverage and faster customer response.

 

Moreover, the company saw an improvement in the provision for expected credit losses related to customers, while also effectively managing the increase in indirect expenses.



Current Half Annual Comparison (M)

Compared With The
Item H2 2023 H2 2024 Change‬
Revenues 99.68 114.53 14.9 %
Gross Income 39.76 43.61 9.7 %
Operating Income 9.16 17.38 89.6 %
Net Income 11.32 18.81 66.2 %
Average Shares 7.00 7.00 -
Earnings Per Share before unusual items (Riyal) 1.62 2.69 66.2 %
EPS (Riyal) 1.62 2.69 66.2 %

In H2 2024, the company’s net profit surged 66.2% YoY to SAR 18.81 million, from SAR 11.32 million in H2 2023.

 

On a sequential basis, net earnings dropped 29.3% from SAR 26.59 million in H1 2024.

 

Shareholders’ equity, no minority interest, reached SAR 158.82million as of Dec. 31, 2024, up from SAR 127.16 million a year earlier.

View more financial results

 

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.