Equity Analysis /
Saudi Arabia

Saudi German Hospital: Q1 22 earnings call summary

  • In Q1 22, revenues grew 22.7% yoy to SAR513mn.

  • Gross profit increased by 34% yoy in Q1 22, leading to a margin expansion to 32.1% vs 29.4% in Q1 21.

  • The management expects higher sales starting from Q2 22 as new clinics will start operations.

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Head of Equity Research

SNB Capital
26 May 2022
Published bySNB Capital

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