Mouwasat Medical Services Co. announces its Interim Financial results for the Period Ending on 2025-03-31 ( Three Months )
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 764.35 | 722.78 | 5.751 | 755.55 | 1.164 |
| Gross Profit (Loss) | 347.2 | 345.83 | 0.396 | 317.77 | 9.261 |
| Operational Profit (Loss) | 213.26 | 195.28 | 9.207 | 185.01 | 15.269 |
| Net profit (Loss) | 197.05 | 171.58 | 14.844 | 167.36 | 17.74 |
| Total Comprehensive Income | 197.05 | 171.58 | 14.844 | 167.36 | 17.74 |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Shareholders Equity (after Deducting Minority Equity) | 3,765.39 | 3,448.64 | 9.184 |
| Profit (Loss) per Share | 0.99 | 0.86 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Explanation |
|---|---|
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the same quarter of the last year is | Revenues for the current quarter increased by 5.75% to SAR 764 million compared to SAR 723 million for the same quarter of the previous year due to:
1- Increase in the number of visits in the outpatient sector and the increase in occupancy rates in Inpatient departments 2- The extension of the positive impact resulting from improving some of the contractual terms previously concluded with the company’s clients, which was reflected in the current period. |
| 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 company's net profit increased by 14.8% during the current quarter to reach SAR 197 million compared to SAR 172 million for the same quarter of the previous year due to:
1- Growth in Medical Services Revenue 2- Decrease in impairment loss provision configurations from receivables during the current quarter compared to the same quarter of the previous year 3- Increase in other income 4- Decrease in financing cost due to decrease in the balance of loans in the amount of installments paid during the period 5- Decrease in Zakat expense during the current quarter to match the balance of the Zakat provision with the estimated Zakat base for the year 2025 |
| The reason of the increase (decrease) in the sales/ revenues during the current quarter compared to the previous one is | Revenues during the current quarter increased slightly by 1.2% compared to the previous quarter, despite the decrease in both the number of visits in the outpatient sector and the occupancy rates in the Inpatient departments under the influence of the seasonality of the current quarter period as it coincided with the entry of the blessed month of Ramadan, and the reason for the increase in revenues is due to the rates The extension of the positive impact resulting from improving some of the contractual terms previously concluded with the company’s clients, which was reflected in the current quarter. |
| The reason of the increase (decrease) in the net profit (loss) during the current quarter compared to the previous one is | The company's net profit increased by 17.7% during the current quarter compared to the previous quarter due to:
1- Growth in Medical Services Revenue 2- Decrease in cost of revenue items during the current quarter compared to the previous quarter 3- Decrease in some items of selling and distribution expenses during the current quarter compared to the previous quarter 4- Decrease in impairment loss provision configurations from receivables during the current quarter compared to the previous quarter 5- Increase in other income |
| Statement of the type of external auditor's report | Unmodified conclusion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | N/A |
| Reclassification of Comparison Items | - |
| 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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