Future Care Trading Co. posted an over twofold increase in 2023 net profit to SAR 13.7 million from SAR 5.1 million a year earlier.
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Revenues | 34.13 | 50.98 | 49.4 % |
| Gross Income | 12.24 | 20.90 | 70.8 % |
| Operating Income | 5.77 | 12.85 | 122.8 % |
| Net Income | 5.13 | 13.66 | 166.5 % |
| Average Shares | 500.00 | 500.00 | - |
| EPS (Halala) | 1.03 | 2.73 | 166.5 % |
The higher profit was spurred by a 49.39% year-on-year (YoY) rise in revenue, while expenses increased by 34.47% compared with 2022.
The revenue growth was driven by the higher number of patients, the opening of new branches in Riyadh and Dammam, as well as improved services. The company also embarked on expansion plans.
Shareholders’ equity, no minority interest, reached SAR 73.64 million as of Dec. 31, 2023, up from SAR 58.47 million in the prior-year period.
|
Historical Data |
|||
|
Period |
Revenue (SAR mln) |
Net Profit (SAR mln) |
EPS (SAR) |
|
H1 2021 |
41.07 |
20.06 |
0.04 |
|
H2 2021 |
30.96 |
16.64 |
0.03 |
|
H1 2022 |
15.04 |
4.77 |
0.01 |
|
H2 2022 |
19.09 |
0.36 |
0.00 |
|
H1 2023 |
23.04 |
5.89 |
0.01 |
|
H2 2023 |
27.94 |
7.77 |
0.02 |
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