Canadian Medical Centre Profits Jump 60% of in H1

The financial statements of the Canadian Medical Center Complex Company showed an increase in the company’s profits in the first half of this year by 60.08%, to reach SR7.94 million, compared to SR4.96 million, net profit after zakat and tax for the same period last year.
The company said in a statement to the Tadawul on Sunday, that the increase in profits during the comparative periods is due to the increase in the company’s operating revenues.
The value of revenues at the end of the current period amounted to SR38.92 million, compared to SR30.18 million in the same period of the previous year, an increase of 28.96%.
The company’s share achieved a profit of SR1.03 in the six months ending on June 30, 2022, compared to a profit of 0.64 per share in the same period in 2021.
The main reason for the increase in net profit in the first half ended June 30 for the fiscal year 2022 compared to the same half of last year is due to:
The increase in the operating revenues in the first half of 2022 compared to the first half of 2021.
Additional Information:
1- The Company’s gross profit increased by 60.08% to reach SR7.94 million for the first half ended on June 30 for the fiscal year 2022, compared to SR4.96 million for the same half of 2021, mainly due to an increase in the company’s operating revenues.
2- An increase in the operating revenues by 28.959% to reach 38.92 million Saudi riyals in the first half of 2022 compared to 30.18 million Saudi riyals in the first half of 2021.
3- The earnings per share for the current period ending on 30-6-2022 increased by 60.94% to reach SR1.03 per share, compared to SR0.64 per share for the same period of the previous year ending 30-6-2021.