Dallah Healthcare sees 26% higher profits in 9M-23; dividends for Q3 approved

Riyadh – Mubasher: The net profits after Zakat and tax of Dallah Healthcare Company hit SAR 246.47 million in the first nine months (9M) of 2023, higher by 25.74% year-on-year (YoY) than SAR 196.02 million.

Earnings per share (EPS) stood at SAR 2.53 in 9M-23, marking an annual rise from SAR 2.18, according to the interim financial results.

Revenues increased by 19.11% YoY to SAR 2.13 billion as of 30 September 2023 from SAR 1.79 billion.

Income Statements for Q3-23

In the third quarter (Q3) of 2023, the net profits after Zakat and tax widened by 125.37% to SAR 98.87 million from SAR 43.87 million in Q3-22.

The firm posted revenues amounting to SAR 749.83 million during the July-September 2023 period, up 24.79% YoY from SAR 600.89 million.

On a quarterly basis, the Q3-23 net profits hiked by 86.51% from SAR 53.01 million in Q2-23, while the revenues increased by 11.84% from SAR 670.42 million.

Dividends

The board members of Dallah Healthcare decided to disburse cash dividends valued at SAR 48.84 million, representing 5% of the capital, for Q3-23.

A dividend of SAR 0.50 per share will be granted for 97.68 million eligible shares.

Eligibility and payment dates for the dividends will be 12 and 26 November 2023, respectively.

Mubasher Contribution Time: 07-Nov-2023 06:16 (GMT)
Mubasher Last Update Time: 07-Nov-2023 06:16 (GMT)