Mouwasat Medical Services Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

01 November 2023 03:49 PM

MOUWASAT 4002 0.40% 75.00 0.30

Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	640.89	549.15	16.7	627.34	2.16
Gross Profit (Loss)	298.16	247.06	20.68	292.31	2
Operational Profit (Loss)	182.29	139.25	30.91	171.55	6.26
Net Profit (Loss) after Zakat and Tax	156.38	122.21	27.96	150.54	3.88
Total Comprehensive Income	156.38	122.21	27.96	150.54	3.88
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,932.45	1,673.98	15.44
Gross Profit (Loss)	918.51	772.93	18.83
Operational Profit (Loss)	546.49	454.27	20.3
Net Profit (Loss) after Zakat and Tax	473.52	413.9	14.4
Total Comprehensive Income	473.52	413.9	14.4
Total Share Holders Equity (after Deducting Minority Equity)	3,096.37	2,743.09	12.88
Profit (Loss) per Share	2.37	2.07
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	The reason for the increase in net profit during the current quarter compared to the corresponding quarter of the previous year due to increase in revenue resulting from: - A. The increase in the number of OPD visits and the increase in occupancy rates in inpatient departments. B. Continued performance improvement of newly specialized resources. C. Continuous enhancement of operating efficiency of the available resources.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is	The reason for the increase in net profit during the current quarter compared to the previous quarter is due to: 1- Increase in revenue generated 2- The decrease in some items of selling and distribution expenses during the current quarter compared to the previous quarter.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The reason for increase in net profit during the current period compared to the same period of the previous year due to increase in revenue resulting from: - A. The increase in the number of OPD visits and the increase in occupancy rates in inpatient departments. B. Continued performance improvement of newly specialized resources. C. Continuous enhancement of operating efficiency of the available resources.
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	The company would like to indicate the possibility of sending investors and financial analysts’ inquiries via email ([email protected]) within 6 working days from the date of publishing the financial statements.

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