Naba Alsaha Medical Services Co. announces its Annual Financial results for the period ending on 2023-12-31

Naba Alsaha Medical Services Co. announces its Annual Financial results for the period ending on 2023-12-31

|Element List||Current Year||Previous Year||%Change|

|Sales/Revenue||182,352,491||129,684,489||40.61|

|Gross Profit (Loss)||73,769,391||51,639,303||42.85|

|Operational Profit (Loss)||42,967,049||28,311,078||51.77|

|Net profit (Loss)||52,382,249||26,922,558||94.57|

|Total Comprehensive Income||52,176,785||27,155,559||92.14|

|Total Share Holders Equity (After Deducting the Minority Equity)||180,094,287||130,017,502||38.52|

|Profit (Loss) per Share||4.99||2.56|

|All figures are in (Actual) Saudi Arabia, Riyals|

|Element List||Amount||Percentage of the capital (%)|

|Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value||-||-|

|Accumulated Losses||-||-|

|All figures are in (Actual) Saudi Arabia, Riyals|

|Element List||Explanation|

|The reason of the increase (decrease) in the sales/ revenues during the current year compared to the last year|| During the year ending on December 31, 2023, the company achieved an increase in revenues of 52.67 million Saudi riyals (+40.6%), reaching 182.35 million riyals compared to the same previous year.

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This growth in revenues during the year 2023 is due to an increase in outpatient clinic revenues by (+14%) and inpatient revenues by (+31%), in addition to Al Anwar Medical Hospital revenues amounting to 20.14 million riyals.

|The reason of the increase (decrease) in the net profit during the current year compared to the last year is|| The company's net income increased by 25.46 million Saudi riyals (+94.6%), reaching 52.38 million riyals after zakat, compared to last year as a result of revenue growth, the increase in the number of patients and the occupancy rates in the hospitalization departments.

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