Canadian Medical Center reports SAR 15.7M profit in 2023

26/03/2024 Argaam Exclusive

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Share Price

Canadian Medical Center Co. (CMCER)

Canadian Medical Center Co. reported a net profit of SAR 15.7 million for 2023, compared to SAR 15.65 million a year earlier.



Financials (M)

Item 2022 2023 Change‬
Revenues 81.23 100.34 23.5 %
Gross Income 24.97 31.54 26.3 %
Operating Income 17.26 15.90 (7.9 %)
Net Income 15.65 15.71 0.4 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.20 0.20 0.4 %

Revenue increased by 23.53% year-on-year to SAR 100 million in 2023 due to expansions in Saudi Arabia.

 

Net profit was also supported by the increase in operating income. The provision for doubtful debts rose by SAR 5.87 million.



Total shareholders’ equity, no minority interest, stood at SAR 91.83 million by Dec. 31, 2023, compared to SAR 87.01 million a year ago.

 

Historical Data

Period

Revenue (SAR mln)

Net profit (SAR mln)

EPS (SAR /share)

H1 2020

29.83

8.4

0.11

H2 2020

34.38

7.75

0.10

H1 2021

30.18

4.96

0.06

H2 2021

40.46

9.1

0.12

H1 2022

38.92

7.94

0.10

H2 2022

42.31

7.71

0.10

H1 2023

45.22

8.00

0.10

H2 2023

55.12

7.71

0.10

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