National Medical Care Co. (Care) reported a net profit after Zakat and tax of SAR 80.09 million for fiscal year (FY) 2019, a 28.7% year-on-year (YoY) increase, as compared to SAR 62.18 million in FY2018.
| Item | 2018 | 2019 | Change |
|---|---|---|---|
| Revenues | 763.80 | 708.39 | (7.3 %) |
| Gross Income | 166.51 | 165.66 | (0.5 %) |
| Operating Income | 79.90 | 88.37 | 10.6 % |
| Net Income | 62.18 | 80.09 | 28.8 % |
| Average Shares | 44.85 | 44.85 | - |
| EPS (Riyals) | 1.39 | 1.79 | 28.8 % |
The profit was attributed to a 7.3% decline in revenue, in addition to lower patient traffic, the company said in a bourse statement.
The medical services provider also cited lower operating costs in manpower, pharmaceuticals, maintenance, and consumables, in addition to an improvement in gross profit margins by 23.4%.
| Item | Q4 2018 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 181.69 | 185.52 | 2.1 % |
| Gross Income | 32.02 | 39.27 | 22.6 % |
| Operating Income | 14.93 | 22.88 | 53.3 % |
| Net Income | 4.87 | 19.64 | 303.2 % |
| Average Shares | 44.85 | 44.85 | - |
| EPS (Riyals) | 0.11 | 0.44 | 303.2 % |
| Item | Q3 2019 | Q4 2019 | Change |
|---|---|---|---|
| Revenues | 173.51 | 185.52 | 6.9 % |
| Gross Income | 40.11 | 39.27 | (2.1 %) |
| Operating Income | 19.63 | 22.88 | 16.5 % |
| Net Income | 16.64 | 19.64 | 18.0 % |
| Average Shares | 44.85 | 44.85 | - |
| EPS (Riyals) | 0.37 | 0.44 | 18.0 % |
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