Earnings Report /
Saudi Arabia

Nahdi Medical Co: Better results on higher revenue and margins

  • Nahdi’s revenue increased by 8.2% yoy (+7.7% qoq) to SAR2.24bn and was higher than our estimates of SAR2.15bn

  • Gross profits came-in at SAR926mn (+7.7% yoy, +8.8% qoq) compared to our estimates of SAR893mn

  • Nahdi announced to distribute a cash dividend of SAR300mn for H1 22, translating into SAR2.31/share

SNB Capital
15 August 2022
Published bySNB Capital


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