13/08/2018 Argaam Exclusive
AI Summary
The aggregate net profit of Tadawul-listed healthcare firms, which stood at SAR 181 million for Q2 2018, fell 34 percent short of average forecasts of SAR 275 million, according to data compiled by Argaam.
The results of all healthcare companies missed analysts’ estimates for the period, especially the earnings of Dallah Healthcare Holding Co. and Saudi German Hospital, which missed estimates by 67 percent and 54 percent respectively.
| Company | 2018 - Q2 (net income) | 2018 - Q2 (e) | Change |
| MOUWASAT | 87.88 | 90.36 | (2.7 %) |
| DALLAH HEALTH | 18.73 | 56.02 | (66.6 %) |
| CARE | 20.26 | 26.62 | (23.9 %) |
| ALHAMMADI | 19.93 | 28.45 | (30.0 %) |
| SAUDI GERMAN HEALTH | 34.27 | 73.92 | (53.6 %) |
| Total | 181.07 | 275.36 | (34.2 %) |
Out of six research firms, Albilad Capital’s estimates were in-line with the results of two healthcare firms, while Osool and Bakheet’s forecast met with Mouwasat Medical Services Co.’s Q2 results.
| Company | 2018 - Q2 (net income) | 2018 - Q2 (e) | Most Accurate Research Company |
| MOUWASAT | 87.88 | 87.60 | OSOOL AND BAKHEET |
| DALLAH HEALTH | 18.73 | 49.00 | Albilad Capital |
| CARE | 20.26 | 24.00 | Al Rajhi Capital |
| ALHAMMADI | 19.93 | 26.00 | Albilad Capital |
| SAUDI GERMAN HEALTH | 34.27 | 66.50 | AlJazira Capital |
| TASI | 10,776.32 | 83.63 | 0.78 % |
| DALLAH HEALTH | 113.10 | 5.30 | 5.02% |
| MOUWASAT | 62.90 | 2.85 | 4.69% |
| CARE | 125.60 | 4.90 | 4.00% |
| ALHAMMADI | 24.83 | 0.37 | 1.50% |
| SAUDI GERMAN HEALTH | 31.14 | 0.22 | 0.71% |
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