The profits of Dallah Health Services fell 31.86 percent, with net profit about 100.1 million riyals in 2020 against net profit of SAR 146.9 million in 2019.
In accordance with Arab Net, Dallah said in a statement that the decline of net profit returns to the increase in the start of the start of Dr. Mohammed Fakih hospital, which invests 31.21%, as expected, and took allocations for an additional city balances resulting For the slowdown of the economic cycle of some of the company's city, in addition to credit losses resulting from companies depending on the acquisitions.
Net profit also has also been influenced by increasing administrative and public expenses because of the acquisitions and consolidating financial statements with the acquired companies, as well as increasing Zakat expenses resulting from subsidiaries and establishing an additional precautionary precaution.
The company said that despite revenue increased by 5.3% in 2020 to 1.32 billion riyals, compared to 1.25 billion riyals in 2019.
According to Arab accounts, net profit in the fourth quarter of 2020 about 2020 riyals, for about 69.8 million riyals in the same quarter of 2019, down 71%.
In a separate statement, Dallah Health Services announced the recommendation of its Board of Directors to distribute cash dividends for the second half of the year 2020, with a total of 92.5 million riyals, for the number of 90 million shares. .
The entrancement of profits to the shareholders of the owner's owners of shares on March 28, 2021 and registrars at the Securities Depository Center (deposit center) at the end of the second day traded the following date, and the date of distribution was 11 April 2021.
