AME Group reports profits of SR21.2 mln in 2021

AME Group (Advanced Medical Equipment Group) announced that its profits after zakat and tax rose by 0.7% to SR 21.2 million in 2021 compared to SR 21 million in 2020.

According to its financial result statement published on Tadawul, the company reported operational profit surge of 8% to SR 24 million from SR 23 million.

Gross profits soared 26% to SR 70 million from SR 55 million during the year of 2020, while profit per share (EPS) declined to SR 3.05 from SR 3.67.

Moreover, the company’s net revenues rose by SR 29.8 million driven mainly by higher medical supply sales of SR 19.5 million and medical equipment of SR 8.6 million.

This increase of sales was due to taking a bigger market share thanks to Allah, and then participation in conference, in addition to more marketing and advertising efforts.