Dr. Sulaiman Al Habib Medical Services Group achieved a profit growth of 69.26%, reaching 325.4 million riyals in the second quarter of 2021, compared to 192.25 million riyals during the same period last year.
According to Arabiya Net, the company said in a statement that revenues grew during the second quarter by 45.6% to reach 1.75 billion riyals, compared to 1.2 billion riyals during the same period last year.
The growth in revenues during the second quarter of 2021 is mainly due to the growth in the hospital sector as a result of the increase in the number of patients and the increase in occupancy rates for inpatient departments, in addition to the continued growth in revenues Al-Khobar Hospital, which was positively reflected in the increase in sales of the pharmacies sector, in addition to the increase in the revenues of the solutions sector compared to the same period of the previous year, according to the company's statement.
The profit before depreciation, amortization, interest, zakat and taxes (EBITDA) increased during the second quarter of the year 2021 by an amount of 141.22 million riyals compared to the same period in the previous year, reaching 438.03 million riyals. SAR with a growth rate of 47.58%, while the group maintained the profit margin before depreciation, amortization, interest, zakat and taxes (EBITDA) at 25.01% compared to 24.67% during the same period of the previous year.
During the first half of this year, the company achieved a net profit of 644.4 million riyals, compared to 438.85 million riyals during the first half of 2020, with a growth rate of 46.838%.< /p>
Revenues amounted to 3.446 billion riyals during the first half, compared to 2.546 billion riyals during the same period last year, with a growth rate of 35.33%.
The growth in revenues during the first half is due to the growth in the hospital sector as a result of the increase in the number of patients and the increase in occupancy rates for inpatient departments, in addition to the continued growth in the revenues of Al-Khobar Hospital, which was reflected Positively with the increase in sales of the pharmacy sector, in addition to the increase in the revenues of the solutions sector compared to the same period of the previous year, according to the group.
Dividend
The group announced the Board of Directors' recommendation to distribute cash dividends to shareholders for the second quarter of the fiscal year 2021.
The company said that the total distributed amount is 245 million riyals, which will be distributed to 350 million shares, bringing the share of profits to 0.7 riyals.
The eligibility for dividends will be for the shareholders who own the shares at the end of trading on Thursday, August 12, 2021 AD, provided that the eligibility is for the shareholders owning the shares on the due date who are registered in the company's shareholders register with Markaz Company. Securities are deposited at the end of the second trading day following the maturity date.
