The Dr. Sulaiman Al Habib Medical Services Group achieved a 30% growth in its net profits to reach 1.376 billion riyals in 2021, compared to 1.055 billion riyals in 2020.< /p>
According to Arabiya Net, the group's revenues increased by 23.7% to reach 7.25 billion riyals, compared to 5.86 billion riyals during 2020.
The growth in revenues during the year 2021 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, an increase in pharmacy sector sales compared to the previous year, according to the company's statement.
The increase in profit before depreciation, amortization, interest, zakat and taxes (EBITDA) during the year 2021 amounted to 354.26 million riyals compared to the same period of the previous year, which amounted to 1,846.54 million riyals, with a growth rate amounting to 23.74%, while the group maintained the EBITDA margin at 25.47%.
On the other hand, the group announced the distribution of cash dividends of 245 million riyals to shareholders for the fourth quarter of 2021.
The share of the dividend is about 0.7 riyals per share.
