Middle East Healthcare Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 671.05 | 512.37 | 30.97 | 624.32 | 7.48 |
| Gross Profit (Loss) | 266.33 | 152.2 | 74.99 | 228.63 | 16.49 |
| Operational Profit (Loss) | 109.85 | 26.26 | 318.32 | 68.99 | 59.23 |
| Net Profit (Loss) after Zakat and Tax | 53.3 | 11.11 | 379.75 | 40.25 | 32.42 |
| Total Comprehensive Income | 54.13 | 11.29 | 379.45 | 40.78 | 32.74 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,933.36 | 1,533.79 | 26.05 |
| Gross Profit (Loss) | 720.45 | 476 | 51.35 |
| Operational Profit (Loss) | 255.35 | 82.38 | 209.97 |
| Net Profit (Loss) after Zakat and Tax | 143.67 | 42.02 | 241.91 |
| Total Comprehensive Income | 145.05 | 42.16 | 244.05 |
| Total Share Holders Equity (after Deducting Minority Equity) | 1,510.01 | 1,292.63 | 16.82 |
| Profit (Loss) per Share | 1.56 | 0.46 | |
| 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 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 period compared to the same period of the last year is | Increase in net profit for the current nine months period compared to the same period of last year 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 | Certain figures of the previous year have been reclassified and regrouped to conform to the presentation as per International Financial Reporting Standard as endorsed in the Kingdom of Saudi Arabia. |
| Additional Information | N/A |
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