Aldawaa 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	5,741,364	5,372,243	6.87
Gross Profit (Loss)	2,106,619	2,019,598	4.31
Operational Profit (Loss)	466,690	375,612	24.25
Net profit (Loss)	329,223	305,449	7.78
Total Comprehensive Income	430,317	212,252	102.74
Total Share Holders Equity (After Deducting the Minority Equity)	1,313,005	1,095,188	19.89
Profit (Loss) per Share	3.87	3.59
All figures are in (Thousands) Saudi Arabia, Riyals

Element List	Amount	Percentage of the capital (%)
Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value	-	-
All figures are in (Thousands) 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	Revenues: The Company has achieved an increase of SR. 369.1 million in revenues in the year 2023, a rate of (6.9%) over the previous year 2022. This is due to the increase in sales across company channel and divisions.
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	Net profit: The Company recognized a net profit of SR. 329.2 million for the year 2023, with a profit ratio (5.73%) of net sales, compared to a net profit of SR. 305.4 million, with a profit ratio (5.69%) in the previous year, 2022, achieving an increase of SR. 23.8 million in net profits, at a rate of (7.8%) over the previous year. The reason is mainly due to a balanced focus between positive sales momentum, which led to an increase in gross profit by SR. 87 million (4.3%) over the previous year 2022, and also good discipline expenses control along with efficient asset management, which as a result led to an increase of SR. 91.1 million (24.2%) in operating profits over the previous year 2022.
Statement of the type of external auditor's report	Unmodified opinion
Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)	Not applicable
Reclassification of Comparison Items	Certain corresponding figures have been rearranged and reclassified, wherever considered necessary for better presentation, the effect of which is not material.
Additional Information	Not applicable

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