Dr. Sulaiman Al Habib Group for Medical Services, which is included in the Saudi Stock Market, rose by 4.84% during the Saudi Stock Exchange trading, to trade at the price of 277.20 riyals per share, achieving the largest daily gains in 9 months.
452.67 thousand shares of Dr. Sulaiman Al Habib Group for Medical Services were traded at that time, with a value of trading 123.07 million riyals.
The highest price of the share at that time was at 278.60 riyals, while the lowest price was at 256 riyals.
Dr. Sulaiman Al Habib Group for Medical Services announced an increase in its net profit by 13.16% during the year 2024.
It stated that the net profit after zakat and tax amounted to about 2.31 billion riyals, compared to 2.05 billion riyals in the year 2023.
The company explained that the increase in net income is mainly due to the growth of revenues, the increase in the number of auditors, in addition to the high occupancy rates in the hypnosis departments.
The company’s revenues increased to 11.20 billion riyals, compared to 9.51 billion riyals in the year 2023.
As for the last quarter of last year, the company made profits of 610 million riyals, compared to 530 million riyals in the same quarter of last year, which reflects an increase of 15.09%.
It should be noted that the company achieved a net profit of 1.7 billion riyals during the first nine months of last year, compared to 1.52 billion riyals in the same period of the year 2023, registering an increase of 12%.
