Saudi healthcare firms post higher-than-expected Q4 profit

26/03/2018 Argaam Exclusive

The aggregate net profit of five Tadawul-listed healthcare firms– which stood at SAR 300.9 million for Q4 2017— came in 3 percent higher than average forecasts of SAR 292 million, according to data compiled by Argaam.

 

Saudi German Hospital reported the biggest beat. Its net profit of SAR 78 million came ahead of average expectations by 17.5 percent.

 

It was followed by Mouwasat Medical Services Co. and National Medical Care Co. which topped estimates by 13 percent and 12.4 percent, respectively.

 

Al Hammadi Company for Development and Investment’s net profit came 10.3 percent above forecasts.

 

Dallah Healthcare Holding Co. fell short of street forecasts by 25 percent.

Most Read

ajax loading

MarketIndices

TASI 12,174.76 (28.17) (0.23 %)

Company Indices

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.