Canadian Medical Center H1 2023 net profit slightly up to SAR 8 mln

13/08/2023 Argaam Exclusive

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Canadian Medical Center Co.
6.83
(0.13) (1.87 %)

Canadian Medical Center Co. (CMCER)

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Canadian Medical Center Co. (CMCER) posted a net profit of SAR 8 million in H1 2023, slightly up from SAR 7.9 million a year earlier on higher operating revenue.



Financials (M)

Item 6m 2022 6m 2023 Change‬
Revenues 38.92 45.22 16.2 %
Gross Income 12.63 14.21 12.5 %
Operating Income 9.11 8.31 (8.8 %)
Net Income 7.94 8.00 0.8 %
Average Shares 77.00 77.00 -
EPS (Riyals) 0.10 0.10 0.8 %

This came despite a decrease of 8.84% in operating profit to SAR 8.31 million from SAR 9.11 million in H1 2022, mainly due to an increase of SAR 1.97 million in the allowance for doubtful debts. 



Shareholders’ equity, excluding minority interest, stood at SAR 90.75 million as of June 30, 2023, compared to SAR 90.51 million a year earlier.

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