Mouwasat’s Q2 net profit misses estimate: Aljazira Capital

Mouwasat Medical Services Co.’s second-quarter net profit (SAR 56.1 million) fell ten percent below Aljazira Capital’s estimate of SAR 62.7 million, the brokerage firm said in a report.

The investment arm of Bank AlJazira kept a “neutral” rating on the stock and set its target price at SAR 143.4.

The report also projected a 17 percent year-on-year rise in the hospital operator’s 2015 net profit, which is estimated to reach SAR 281.8 million.