Page 34 - SGH PR REPORT - November 2023

Saudi German Hospital posts 242% leap

in 9M-23 profits

Photo Archive
06 November 2023 11:24 AM
SAUDI GERMAN HEALTH
4009
2.16%70.901.50

Riyadh – Mubasher: The net profits after Zakat and tax of Middle East Healthcare Company (Saudi
German Hospital) hiked by 241.91% to SAR 143.67 million in the first nine months (9M) of 2023 from
SAR 42.02 million a year earlier.

The Saudi firm posted revenues amounting to SAR 1.93 billion in 9M-23, up 26.05% year-on-year (YoY)
from SAR 1.53 billion, according to the interim income statements.

The earnings per share (EPS) hit SAR 1.56 in January-September 2023, an annual rise from SAR 0.46.

Financial Results for Q3-23

During the third quarter (Q3) of 2023, the listed company registered net profits after Zakat and tax worth
SAR 53.30 million, marking a 379.75% leap from SAR 11.11 million in July-September 2022.

Revenues stood at SAR 671.05 million in Q3-23, higher by 30.97% YoY than SAR 512.37 million.

Quarter-on-quarter (QoQ), the Q3-23 profits grew by 32.42% from SAR 40.25 million in Q2-23, while the
revenues rose by 7.48% from SAR 624.32 million.

In the three-month period that ended on 31 March 2023, Saudi German Hospital logged net profits after
Zakat and tax valued at SAR 50.12 million, while the revenues reached SAR 637.99 million.

https://english.mubasher.info/news/4208191/Saudi-German-Hospital-posts-242-leap-in-9M-23-profits/