{"id":3663,"date":"2022-11-15T07:55:49","date_gmt":"2022-11-15T07:55:49","guid":{"rendered":"https:\/\/amanat.com\/press-release\/amanat-reports-6-growth-in-adjusted-net-profit-in-9m-2022\/"},"modified":"2024-07-12T09:48:53","modified_gmt":"2024-07-12T09:48:53","slug":"amanat-reports-6-growth-in-adjusted-net-profit-in-9m-2022","status":"publish","type":"press-release","link":"https:\/\/amanat.com\/ar\/press-release\/amanat-reports-6-growth-in-adjusted-net-profit-in-9m-2022\/","title":{"rendered":"\u0623\u0645\u0627\u0646\u0627\u062a \u062a\u062d\u0642\u0642 \u0646\u0645\u0648\u064b\u0627 \u0644\u0635\u0627\u0641\u064a \u0627\u0644\u0631\u0628\u062d \u0627\u0644\u0645\u0639\u062f\u0644 \u0628\u0646\u0633\u0628\u0629 6% \u062e\u0644\u0627\u0644 \u0627\u0644\u062a\u0633\u0639\u0629 \u0623\u0634\u0647\u0631 \u0627\u0644\u0627\u0648\u0644\u0649 \u0645\u0646 \u0639\u0627\u0645 2022"},"content":{"rendered":"<section class=\"visual-editor-section pt-5 pt-md-7 pb-5 pb-md-7\" style=\"\" id=\"\">\r\n\r\n\t<div class=\"container\">\r\n\t\t<div class=\"row justify-content-center\">\r\n\t\t\t<div class=\"col-12\">\r\n\t\t\t\t<div class=\"px-xxl-5 sreveal-stagger-100\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"sreveal-stagger-item\">\r\n\t\t\t\t\t\t\t<p><strong>14 November 2022 | Dubai |<\/strong><span>\u00a0<\/span>Amanat Holdings PJSC (\u201c<strong>Amanat<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d), the leading healthcare and education listed investment company, announces financial results for the nine-months ended 30 September 2022.<\/p>\n<ul>\n<li><strong>Adjusted total income:<span>\u00a0<\/span><\/strong>grew 17% to AED 106.3 million in 9M-2022 vs. AED 90.8 million in 9M-2021<\/li>\n<li><strong>Adjusted EBITDA:<span>\u00a0<\/span><\/strong>grew 19% to AED 110.1 million in 9M-2022 vs. AED 92.3 million in 9M-2021<\/li>\n<li><strong>Adjusted net profit:<span>\u00a0<\/span><\/strong>grew 6% to AED 60.8 million in 9M-2022 vs. AED 57.2 million in 9M-2021<\/li>\n<li><strong>Balance sheet:<\/strong><span>\u00a0<\/span>c.AED 540 million of cash remaining post deployment and low leverage<\/li>\n<\/ul>\n<p><strong>Commenting on the results, Amanat\u2019s Chairman, Hamad Alshamsi said:<\/strong><\/p>\n<p>\u201cDespite the challenging global and regional economic conditions, Amanat\u2019s portfolio companies continue to deliver growth. Looking ahead, our balance sheet will continue to fund deployment whilst protecting us from rate pressures in the near term. This, along with the recent acquisition of HDC and entry into the special education needs and care market in Saudi Arabia, combined with the acquisition of LIWA by NEMA Holding in 2022 builds on the AED 1.7 billion of transactions concluded in 2021.\u201d<\/p>\n<p><strong>Amanat\u2019s Chief Executive Officer, Dr. Mohamad Hamade, added:<\/strong><\/p>\n<p>\u201cFollowing record 2021 performance our portfolio of market leading companies continues to grow and demonstrate resilience whilst executing clearly defined growth strategies. At the healthcare platform income grew 39% to AED 45.9 million compared to AED 33.0 million in 9M-2021 which positively impacted adjusted EBITDA, which grew 19% to AED 110.1 million compared to AED 92.3 million in 9M-2021.\u201d<\/p>\n<p><strong>9M-2022 results<\/strong><\/p>\n<p>The Company recorded total income of AED 106.3 million in 9M-2022, versus AED 308.2 million in 9M-2021. On an adjusted basis, excluding prior year gain on sale of and trading results from divested entities, total income increased by 17%. Adjusted net profit grew 6% to AED 60.8 million in 9M-2022, versus AED 57.2 million reported in the same period of 2021. Reported net profit recorded AED 56.2 million compared with AED 273.8 million in 9M-2021, which in FY-2021 included the prior year gain on sale of and trading results from divested entities.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"401\"><strong>Summary Financial Results<\/strong><span>\u00a0<\/span><strong>AED million<\/strong><\/td>\n<td width=\"102\"><strong>9M-2021<\/strong><\/td>\n<td width=\"90\"><strong>9M-2022<\/strong><\/td>\n<td width=\"88\"><strong><em>Change<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"401\"><strong>Platform Income<sup>[1]<\/sup><\/strong><\/td>\n<td width=\"102\"><strong>93.<\/strong><strong>5<\/strong><\/td>\n<td width=\"90\"><strong>102.7<\/strong><\/td>\n<td width=\"88\"><strong><em>10%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"401\">\u00a0\u00a0\u00a0 Healthcare<\/td>\n<td width=\"102\">33.0<\/td>\n<td width=\"90\">45.9<\/td>\n<td width=\"88\"><em>39%<\/em><\/td>\n<\/tr>\n<tr>\n<td width=\"401\">\u00a0\u00a0\u00a0 Education<sup>2<\/sup><\/td>\n<td width=\"102\">60.5<\/td>\n<td width=\"90\">56.8<\/td>\n<td width=\"88\"><em>(6)%<\/em><\/td>\n<\/tr>\n<tr>\n<td width=\"401\"><strong>Adjusted Total Income<\/strong><strong><sup>3<\/sup><\/strong><\/td>\n<td width=\"102\"><strong>90.8<\/strong><\/td>\n<td width=\"90\"><strong>106.3<\/strong><\/td>\n<td width=\"88\"><strong><em>17%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"401\"><strong>Total Income<\/strong><\/td>\n<td width=\"102\"><strong>308.2<\/strong><\/td>\n<td width=\"90\"><strong>106.3<\/strong><\/td>\n<td width=\"88\"><strong><em>(65)%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"401\"><strong>Net Profit<\/strong><\/td>\n<td width=\"102\"><strong>273.8<\/strong><\/td>\n<td width=\"90\"><strong>56.2<\/strong><\/td>\n<td width=\"88\"><strong><em>(79)%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"401\"><strong>Adjusted Net Profi<\/strong><strong>t<\/strong><strong><sup>3<\/sup><\/strong><\/td>\n<td width=\"102\"><strong>57.2<\/strong><\/td>\n<td width=\"90\"><strong>60.8<\/strong><\/td>\n<td width=\"88\"><strong><em>6%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"401\"><strong>Adjusted EBITDA<sup>3<\/sup><\/strong><\/td>\n<td width=\"102\"><strong>92.3<\/strong><\/td>\n<td width=\"90\"><strong>110.1<\/strong><\/td>\n<td width=\"88\"><strong><em>19%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"401\"><strong>Cash and Bank Balances<sup>4<\/sup><\/strong><\/td>\n<td width=\"102\"><strong>878.0<\/strong><\/td>\n<td width=\"90\"><strong>757.6<\/strong><\/td>\n<td width=\"88\"><strong><em>(14)%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"401\"><strong>\u00a0<\/strong><strong>\u00a0<\/strong><\/td>\n<td width=\"102\"><strong>\u00a0<\/strong><\/td>\n<td width=\"90\"><strong>\u00a0<\/strong><\/td>\n<td width=\"88\"><strong><em>\u00a0<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" width=\"681\"><em><sup><strong>[1]<\/strong><\/sup><\/em><span>\u00a0<\/span><em>Includes share of results from associates, net profit from subsidiaries &amp; finance lease income, excluding NCI, PPA and share of results from divested entities and related gain on disposal.<\/em>&nbsp;<\/p>\n<p><em><sup>2<span>\u00a0<\/span><\/sup><\/em><em>Assets under Amanat\u2019s education platform have a fiscal year ending on the 31 of August and thus Amanat\u2019s consolidated results for the nine months ended 30 September 2022 reflect eight-month results (January 2022 to August 2022) from the education platform\u2019s fiscal year ended 31 August 2022 and one month from the fiscal year ended 31 August 2023.<\/em><\/p>\n<p><em><sup>3<\/sup><\/em><span>\u00a0<\/span><em>Adjustments relate to prior period net profit and gain on disposal from divested entities (Taaleem Holdings and International Medical Center KSA) and transaction costs.<\/em><\/p>\n<p><em><sup>4<\/sup><\/em><span>\u00a0<\/span><em>Prior-year balance stated as at 31 December 2021.<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>-End-<\/p>\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/section> <!-- .visual-editor-section -->","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":3558,"parent":0,"menu_order":76,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"press-release-year":[82],"press-release-category":[],"class_list":["post-3663","press-release","type-press-release","status-publish","has-post-thumbnail","hentry","press-release-year-2022-ar"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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