Dr. Sulaiman Al Habib Medical Group reported a net profit after Zakat and tax of SAR 644 million for the first half of 2021, a 47% increase, compared to SAR 438.9 million in the same period a year ago.
The company attributed the profit rise to 35.3% increase in revenues, driven by the growth in the hospital segment, due to rise in number of patients.
The company also cited 35.97% increase in EBITDA and 46.84% rise in net income for the profit growth.
| Item | 6m 2020 | 6m 2021 | Change |
|---|---|---|---|
| Revenues | 2,546.35 | 3,446.00 | 35.3 % |
| Gross Income | 759.71 | 1,100.44 | 44.8 % |
| Operating Income | 461.92 | 689.36 | 49.2 % |
| Net Income | 438.85 | 644.40 | 46.8 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 1.25 | 1.84 | 46.8 % |
The company’s Q2 net profit after Zakat and tax increased by 69% year-on-year (YoY) to SAR 325 million due to 45.57% rise in revenues, higher net income by 69.26%, and 47.58% rise in EBITDA.
On a quarterly basis, Q2 net profit increased 2% due to higher revenue, which was not impacted by the seasonality factors.
| Item | Q2 2020 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 1,203.01 | 1,751.21 | 45.6 % |
| Gross Income | 359.86 | 551.02 | 53.1 % |
| Operating Income | 203.31 | 339.73 | 67.1 % |
| Net Income | 192.25 | 325.40 | 69.3 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 0.55 | 0.93 | 69.3 % |
| Item | Q1 2021 | Q2 2021 | Change |
|---|---|---|---|
| Revenues | 1,694.79 | 1,751.21 | 3.3 % |
| Gross Income | 549.42 | 551.02 | 0.3 % |
| Operating Income | 349.63 | 339.73 | (2.8 %) |
| Net Income | 319.00 | 325.40 | 2.0 % |
| Average Shares | 350.00 | 350.00 | - |
| EPS (Riyals) | 0.91 | 0.93 | 2.0 % |
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