إعلان شركة دار المعدات الطبية والعلمية عن النتائج المالية الأولية للفترة المنتهية في 2023-03-31 ( ثلاثة أشهر )
| Element List | Current Quarter | Similar Quarter For Previous Year | %Change | Previous Quarter | %Change |
| Sales/Revenue | 164.9 | 162.6 | 1.41 | 188.9 | -12.71 |
| Gross Profit (Loss) | 30.9 | 37.9 | -18.47 | 34.1 | -9.38 |
| Operational Profit (Loss) | 12.3 | 21.8 | -43.58 | -22.4 | |
| Net Profit (Loss) after Zakat and Tax | 6.3 | 16.8 | -62.5 | -26.2 | |
| Total Comprehensive Income | 6.3 | 16.8 | -62.5 | -26.8 |
All figures are in (Millions) Saudi Arabia, Riyals
| Element List | Current Period | Similar Period For Previous Year | %Change |
| Total Share Holders Equity (after Deducting Minority Equity) | 474.9 | 490.4 | -3.16 |
| Profit (Loss) per Share | 0.34 | 0.84 |
Explanation
The decrease in net profit during the current quarter compared to the same quarter of the previous year is due mainly to:
1. Recognizing revenues during the 1st quarter 2022 for completed projects which led to increased profit.
2. Higher profit margins were also recognized upon terminating and handing over some projects during 2022. On the other hand, new projects commenced during 2023 but still at the started-up phase where they incur substantial mobilization and startup costs.
3. Increasing the salaries and wages of medical Employees in the year 2023, and the incurring additional costs on discounts related to previous billings.
4. The increase in finance cost due to the substantial global hike in lending cost.
Note that several projects were won and granted to the company (announced during the previous period). Most of these projects are planned to start operation gradually during the 2nd half of 2023 which is expected to leave a positive impact on results by the end of this year 2023 onwards.
