Naba Alsaha Medical Services Co. announces its Annual Financial results for the period ending on 2023-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 182,352,491 | 129,684,489 | 40.61 | ||
| Gross Profit (Loss) | 73,769,391 | 51,639,303 | 42.85 | ||
| Operational Profit (Loss) | 42,967,049 | 28,311,078 | 51.77 | ||
| Net profit (Loss) | 52,382,249 | 26,922,558 | 94.57 | ||
| Total Comprehensive Income | 52,176,785 | 27,155,559 | 92.14 | ||
| Total Share Holders Equity (After Deducting the Minority Equity) | 180,094,287 | 130,017,502 | 38.52 | ||
| Profit (Loss) per Share | 4.99 | 2.56 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year | During the year ending on December 31, 2023, the company achieved an increase in revenues of 52.67 million Saudi riyals (+40.6%), reaching 182.35 million riyals compared to the same previous year.
This growth in revenues during the year 2023 is due to an increase in outpatient clinic revenues by (+14%) and inpatient revenues by (+31%), in addition to Al Anwar Medical Hospital revenues amounting to 20.14 million riyals. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company's net income increased by 25.46 million Saudi riyals (+94.6%), reaching 52.38 million riyals after zakat, compared to last year as a result of revenue growth, the increase in the number of patients and the occupancy rates in the hospitalization departments.
The amount of net profit resulting from the acquisition of Al Anwar Medical Hospital amounting to 9.66 million riyals is included in the company’s net profit, which is a non-recurring profit. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | Not Applicable |
| Reclassification of Comparison Items | Not Applicable |
| Additional Information | Not Applicable |
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