Financial Results : Sulaiman Al Habib’s 2021 profit rises 30% to SAR 1.376 bln, Q4 up 21% to SAR 383.6 mln

Sulaiman Al Habib’s 2021 profit rises 30% to SAR 1.376 bln, Q4 up 21% to SAR 383.6 mln

20/02/2022 Argaam Exclusive

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Dr. Sulaiman Al Habib Medical Services Group reported a net profit after Zakat and tax of SAR 1.376 billion for 2021, an increase of 30% from SAR 1.055 billion a year earlier.



Financials (M)

Item 2020 2021 Change‬
Revenues 5,861.61 7,250.47 23.7 %
Gross Income 1,864.41 2,330.23 25.0 %
Operating Income 1,114.86 1,466.15 31.5 %
Net Income 1,055.48 1,376.62 30.4 %
Average Shares 350.00 350.00 -
EPS (Riyals) 3.02 3.93 30.4 %

The profit rise was driven by a 23.69% year-on-year (YoY) jump in revenues mainly as a result of the growth hospital segment, and higher number of patients.

 

Hospital segment growth positively reflected in the increase in pharmacy segment sales compared to the previous year.

 

The earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 23.74% YoY, while EBITDA margin was stable at 25.47%.



Current Quarter Comparison (M)

Compared With The
Item Q4 2020 Q4 2021 Change‬
Revenues 1,691.35 1,968.13 16.4 %
Gross Income 545.81 643.38 17.9 %
Operating Income 329.05 396.25 20.4 %
Net Income 317.83 383.59 20.7 %
Average Shares 350.00 350.00 -
EPS (Riyals) 0.91 1.10 20.7 %

Shareholders' equity, after minority interest, rose to SAR 5.339 billion as of Dec. 31, 2021, from SAR 4.911 billion a year earlier.

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