Riyadh – Mubasher: Aldawaa Medical Services Company posted 15.47% year-on-year (YoY) higher net profits at SAR 191.20 million in the first half (H1) of 2024, versus SAR 165.58 million.

Revenues amounted to SAR 3.10 billion in H1-24, an annual jump of 9.08% from SAR 2.84 billion, according to the initial financial results.

The earnings per share (EPS) grew to SAR 2.25 as of 30 June 2024 from SAR 1.95 in the year-ago period.

Income Results for Q2-24

In the second quarter (Q2) of 2024, the net profits of Aldawaa Medical Services reached SAR 95.87 million, up 7.32% from SAR 89.33 million in Q2-23.

Meanwhile, the revenues increased by 10.40% YoY to SAR 1.58 billion in Q2-24 from SAR 1.43 billion.

Quarter-on-quarter (QoQ), the Q2-24 profits edged up by 0.57% from SAR 95.32 million in Q1-24, while the revenues climbed by 4.60% from SAR 1.51 billion.

Dividends for Q1-24

The board members greenlighted cash dividends amounting to SAR 53.12 million, equivalent to 2.25% of the share capital, for Q1-24.

Aldawaa Medical Services will pay a dividend of SAR 0.62 per share for 85 million eligible shares.

Eligibility and payment dates for the dividends will be 11 and 25 August 2024, respectively.