Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group witnessed a 21.77% surge in net profit after Zakat and tax to SAR 1.20 billion during the first nine months (9M) of 2022, versus SAR 993.02 million in 9M-21. 

Revenues totalled SAR 6.05 billion in the January-September 2022 period, a jump of 14.67% from SAR 5.28 billion during the same period a year earlier, according to the interim financial results. 

Furthermore, the earnings per share (EPS) stood at SAR 3.46 in 9M-22, compared to SAR 2.84 in 9M-21.

During the third quarter (Q3) of 2022, the healthcare service provider logged net profits after Zakat and tax worth SAR 420.62 million, up 20.65% year-on-year (YoY) from SAR 348.62 million.

The revenues soared by 11.75% to SAR 2.05 billion in Q3-22 from SAR 1.83 billion in Q3-21.

On a quarterly basis, the net profits after Zakat and tax in Q3-22 grew by 5.65% from SAR 398.13 million in Q2-22, while the revenues went up by 1.90% from SAR 2.01 billion.

In a separate bourse filing, the company said its board recommended a cash dividend distribution worth SAR 301 million for Q3-22. The Saudi firm will disburse SAR 0.86 per share to its shareholders, representing 8.60% of the share’s nominal value, for 350 million eligible shares.

The eligibility and distribution dates will be on 27 October and 14 November, respectively.

In the first half (H1) of 2022, the company’s net profits after Zakat and tax amounted to SAR 788.64  million, higher by 22.38% than SAR 644.40 million in H1-21.