Mouwasat Medical Services Co. reported a net profit after Zakat and tax of SAR 108 million for Q1 2020, a marginal increase of 1% year-on-year (YoY), on higher revenue from the addition of specialized departments, and the full utilization of available resources.
The medical services provider also cited lower finance charges and Zakat expenses.
| Item | Q1 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 462.62 | 493.94 | 6.8 % |
| Gross Income | 211.32 | 220.55 | 4.4 % |
| Operating Income | 122.04 | 122.98 | 0.8 % |
| Net Income | 107.22 | 108.03 | 0.8 % |
| Average Shares | 200.00 | 200.00 | - |
| EPS (Riyals) | 0.54 | 0.54 | 0.8 % |
| Item | Q4 2019 | Q1 2020 | Change |
|---|---|---|---|
| Revenues | 505.04 | 493.94 | (2.2 %) |
| Gross Income | 230.11 | 220.55 | (4.2 %) |
| Operating Income | 139.67 | 122.98 | (12.0 %) |
| Net Income | 130.47 | 108.03 | (17.2 %) |
| Average Shares | 200.00 | 200.00 | - |
| EPS (Riyals) | 0.65 | 0.54 | (17.2 %) |
When compared to the previous quarter, net profit dropped 17.2%, due to lower revenue, along with higher labor costs, doubtful debt provisions and Zakat expenses.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}