Middle East Healthcare Co. announces its Interim Financial Results for the Period Ending on 2023-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 637.99 | 513.32 | 24.29 | 617.96 | 3.24 |
| Gross Profit (Loss) | 225.5 | 165.02 | 36.65 | 204.01 | 10.53 |
| Operational Profit (Loss) | 76.51 | 35.28 | 116.86 | 56.36 | 35.75 |
| Net Profit (Loss) after Zakat and Tax | 50.12 | 20.49 | 144.61 | 33.16 | 51.15 |
| Total Comprehensive Income | 50.14 | 20.49 | 144.7 | 73.04 | -31.35 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after Deducting Minority Equity) | 1,415.1 | 1,364.96 | 3.67 |
| Profit (Loss) per Share | 0.54 | 0.22 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is | Increase in net profit for the current quarter compared to the same quarter of the last year is due to:
1- Increase in number of patients both in outpatient and inpatient.
2- Increase in efficiency due to ramping up of new facilities. |
| The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is | Increase in net profit for the current quarter compared to the previous quarter is due to:
1- Increase in revenue due to increase in number of inpatients and increase in the Group’s capacity.
2- Increase in efficiency due to ramping up of new facilities. |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion | N/A |
| Reclassification of Comparison Items | N/A |
| Additional Information | Annual actuarial valuation was done at year ended 31-Dec-2022 and outcome of that valuation show increase in OCI amount. Due to that current quarter is showing decrease in total comprehensive income |
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