Saudi: Dallah Healthcare sees over 14.5% higher net profits in Q1-23

Reuters Images/Faisal Al Nasser

Revenues climbed by 17.59%

Staff Writer, Mubasher

May 22, 2023

PHOTO

Dallah Healthcare Company registered net profits after Zakat and tax amounting to SAR 94.70 million in the first quarter (Q1) of 2023, an annual jump of 14.65% from SAR 82.60 million.

Revenues climbed by 17.59% to SAR 716.60 million in Q1-23 from SAR 609.40 million in Q1-22, according to the interim financial results.

The earnings per share (EPS) hit SAR 0.98 during the first three months (3M) of 2023, versus SAR 0.92 in the year-ago period.

On a quarterly basis, the Q1-23 net profits increased by 20.79% from SAR 78.40 million in Q4-22, while the revenues grew by 3.27% from SAR 693.90 million.

Last year, the net profits after Zakat and tax of Dallah Healthcare hit SAR 274.46 million, a 6.13% rise from SAR 258.60 million in 2021.

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