Miral Dental Clinics Co. announces its Annual Financial results for the period ending on 2024-12-31
| Element List | Current Year | Previous Year | %Change | ||
|---|---|---|---|---|---|
| Sales/Revenue | 74,448,644 | 65,365,799 | 13.89 | ||
| Gross Profit (Loss) | 27,642,726 | 24,024,182 | 15.06 | ||
| Operational Profit (Loss) | 18,371,649 | 13,802,986 | 33.1 | ||
| Net profit (Loss) | 16,708,493 | 12,362,904 | 35.15 | ||
| Total Comprehensive Income | 16,638,917 | 12,305,658 | 35.21 | ||
| Total Shareholders Equity (after Deducting Minority Equity) | 59,383,540 | 41,694,623 | 42.42 | ||
| Profit (Loss) per Share | 8.35 | 6.18 | |||
| All figures are in (Actual) Saudi Arabia, Riyals | |||||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Actual) 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 | The company achieved revenue growth during the fiscal year ending on December 31, 2024, with an increase of 9 million Saudi riyals, equivalent to 13.9% compared to the same period of the previous year, bringing total revenue to 74.4 million riyals.
This growth is attributed to contracting with new insurance companies in the branches, in addition to attracting new doctors to work in the two branches, following the opening of new clinics in the Al-Malqa branch. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The company recorded significant growth in net profits during the fiscal year ending on December 31, 2024, with an increase of 4.3 million Saudi riyals, equivalent to 35.15% compared to the previous period, bringing total net profits to 16.7 million riyals.
Additionally, the gross profit margin witnessed a notable improvement during the year, as revenues grew at a higher rate than costs, reflecting the company's success in achieving sustainable revenue growth without a significant increase in expenses, demonstrating high operational efficiency.
Furthermore, the actual earnings per share reached 8.35 riyals, compared to 6.18 riyals in the corresponding period of the previous year. |
| 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) | The company's financial statements for the year ended December 31, 2023, were audited by another auditor, who issued an unmodified opinion on those financial statements on Dhul-Hijjah 24, 1445 AH (corresponding to June 30, 2024 AD). |
| Reclassification of Comparison Items | As stated in the financial statements. |
| Additional Information | - |
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