In the third quarter of 2022, Dr. Sulaiman Al-Habib Medical Services Group’s net earnings climbed by 20.65% to approximately 420.6 million riyals after zakat and tax, as opposed to around 348.6 million riyals in the corresponding quarter of 2021.
In comparison to a net profit of almost 398.1 million riyals in the second quarter of 2022, “Suleiman Al- Habib’s” profits climbed by 5.65% in the third quarter.
According to the company’s financial market statement, “Saudi Trading,” published today, Sunday, the net profit in the third quarter of 2022, on an annual basis, is due to the growth of revenues by 11. 75%; To reach 2. 05 billion riyals, with an increase of 215. 84 million riyals, compared to roughly 1. 84 billion riyals during the same quarter of the previous year.
The growth in revenues during the third quarter of 2022 was mainly attributed to the hospital sector as a result of growth in the number of auditors, as well as the increase in occupancy rates in hypnosis departments, and sales of the pharmacy sector increased, compared to the same quarter of the previous year as a result of growth in the number of auditors.
The net profit of “Suleiman Al -Habib” increased by 21. 77% to around 1. 0 during the first nine months of 2022.
209 billion riyals were made after taxes and zakat, as opposed to 993.02 million riyals during the same time period in 2021.
In a related development, the Dr. Sulaiman Al Habib Medical Services Group disclosed the Board of Directors’ recommendation to pay shareholders cash dividends for the third quarter of the fiscal year 2022 in the amount of 301 million riyals per share for the 350 million shares that are due for profits.
The company said in a statement on “Saudi Arabia Trading”, that the share share of the distribution is 0. 86 riyals per share, with a distribution rate to the nominal share value of 8. 6%.
The distribution date is November 14, 2022, and the date of the right is the close of business on Thursday, October 27, 2022.
The increase in “Suleiman Al- Habib’s” quarterly profits of 20.6%… and a suggestion to disperse cash profits
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