Mouwasat Medical Services Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )

2022-05-12 15:55:41

Element ListCurrent QuarterSimilar quarter for previous year%ChangePrevious Quarter% Change
Sales/Revenue 566.97534.126.15552.332.65
Gross Profit (Loss) 267.78254.35.3250.626.847
Operational Profit (Loss) 159.68158.490.75158.560.706
Net Profit (Loss) after Zakat and Tax 150.21147.192.051146.972.204
Total Comprehensive Income 150.21147.192.051146.972.204
All figures are in (Millions) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar period for previous year%Change
Total Share Holders Equity (after Deducting Minority Equity) 2,754.42,426.3313.521
Profit (Loss) per Share 1.51.47
All figures are in (Millions) Saudi Arabia, Riyals
Element ListExplanation
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: - 1- increase in revenue resulting from: - A. continuous effective utilization of newly specialized resources. B. Continuous enhancement of operating efficiency of the available resources. 2- Increase in other revenues. 3- Low financing cost due to the decrease in principle amount of loans with the value of the installments paid during the period.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period 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 revenues. 2- decrease in some of the operating cost items during the current quarter compared with previous quarter. 3- Low financing cost due to the decrease in principle amount of loans with the value of the installments paid during the period and lower zakat expenses.
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 (Shares@mouwasat.com) within 6 working days from the date of publishing the financial statements.