اعلان شركة المواساة للخدمات الطبية عن النتائج المالية الأولية للفترة المنتهية في 2021-09-30 ( 

A4002 MOUWASAT1.2 (0.67 %)
1443/03/25 Sun Oct 31, 2021 15:29:04

Mouwasat Medical Services Co. announces its Interim Financial Results for the Period Ending on 2021-09-30 ( Nine Months )

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Element List	Current Quarter	Similar quarter for previous year	%Change	Previous Quarter	% Change
Sales/Revenue	530.98	549.06	-3.292	526.7	0.812
Gross Profit (Loss)	244.4	271.52	-9.988	246.46	-0.835
Operational Profit (Loss)	150.1	173.32	-13.397	154.77	-3.017
Net Profit (Loss) after Zakat and Tax	142.66	161.1	-11.446	141.35	0.926
Total Comprehensive Income	142.66	161.1	-11.446	141.35	0.926
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Current Period	Similar period for previous year	%Change
Sales/Revenue	1,591.81	1,511.44	5.317
Gross Profit (Loss)	745.16	711.08	4.792
Operational Profit (Loss)	463.37	427.49	8.393
Net Profit (Loss) after Zakat and Tax	431.19	384.86	12.038
Total Comprehensive Income	431.19	384.86	12.038
Total Share Holders Equity (after Deducting Minority Equity)	2,460.33	2,140.37	14.948
Profit (Loss) per Share	4.31	3.85
All figures are in (Millions) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The reason for the decrease in net profit during the current quarter compared to the corresponding quarter of the previous year due to: - 1- decrease in revenue by 3.3% resulting from: - A. change in the seasonal pattern for the third quarter of the previous year, due to the impact of decrease in travel for summer vacations as a result of the exceptional conditions imposed by the Corona pandemic, which led to an unprecedented rise in operating rates for that quarter. B. decrease in transfers from Ministry of Health during the current quarter compared to the same quarter of the previous year. 2- increase in certain operating and general costs and expenses during the current quarter compared to the same quarter of the previous year 3- increase in zakat expense during the current quarter compared to the same quarter of the previous year to match the zakat base for the year 2021.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the increase in net profit during the current quarter compared to the previous quarter is due to: 1- marginal increase in operating revenues. 2- Increase in company's share of profits from an associate company during the current quarter compared to the previous quarter 3- decrease in the financing cost due to the decrease in the balance of the loans with the value of the instalments paid.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	the Reason for increase in net profit for current period compared to the similar period of the previous year is due to: 1- Increase in revenue by 5.3% resulting from: - A. continuous effective utilization of newly specialized resources. B. enhancement of contractual terms with customers. C. continuous enhancement of operating efficiency of the available resources. 2- Decrease in certain items of selling and distribution expenses during the current Period compared to corresponding Period. 3- Increase in company's share of profits from an associate company during the current Period compared to corresponding Period. 4- Decrease in the financing cost due to the decrease in the balance of the loans with the value of the instalments paid.
Statement of the type of external auditor's report	Unmodified conclusion
Reclassification of Comparison Items	N-A
Additional Information	The company would like to indicate the possibility of sending investors and financial analysts' inquiries via email ([e-mail]) within 6 working days from the date of publishing the financial statements.

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