Dallah Healthcare reports 26% YoY profit hike in Q1-24

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Revenues grew 9.40% YoY to SAR 784.06 million in Q1-24 from SAR 716.64 million, according to the interim financial results

Staff Writer, Mubasher

May 13, 2024

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Dallah Healthcare Company logged a 26.03% year-on-year (YoY) jump in net profit to SAR 119.30 million in the first quarter (Q1) of 2024 from SAR 94.66 million.

Revenues grew 9.40% YoY to SAR 784.06 million in Q1-24 from SAR 716.64 million, according to the interim financial results.

The earnings per share (EPS) reached SAR 1.22 in the three-month period that ended on 31 March 2024, from SAR 0.98 in the corresponding period a year earlier.

Quarter-on-quarter (QoQ), the company’s net profit increased by 4.97% in Q1-24 from SAR 113.65 million in Q4-23, while the revenues shrank 2.72% from SAR 806.01 million.

In 2023, Dallah posted a 31.21% year-on-year (YoY) jump in net profit to SAR 360.12 million from SAR 274.46 million.

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