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Saudi healthcare firms miss Q4 profit estimates by 46%
AI Summary
Content Summary: 
The aggregate net profit of five Tadawul-listed healthcare firms – which reached SAR 151.16 million for Q4-2016 - came 46 percent below average market forecasts of SAR 281.5 million, according to data compiled by Argaam.
Mouwasat Medical Services Co. was the only beat over analysts’ estimates, with its net profit higher by 23.6 percent.
The results of Al Hammadi Company for Development and Investment, Dallah Healthcare Holding Co. and the Saudi German Hospital fell short of street forecasts by 6 percent to 64 percent.
Meanwhile, National Medical Care Co. missed expectations for a net profit of SAR 36 million, incurring a net loss of SAR 71.4 million.
Company Estimates Comparisons
| Company | 2016 - Q4 (net income) | 2016 - Q4 (e) | Change |
| DALLAH HEALTH | 51.71 | 64.07 | (19.3 %) |
| MOUWASAT | 75.65 | 58.40 | 29.5 % |
| ALHAMMADI | 10.48 | 30.12 | (65.2 %) |
| CARE | (69.69) | 35.94 | (293.9 %) |
| SAUDI GERMAN HEALTH | 84.73 | 92.95 | (8.8 %) |
| Total | 152.87 | 281.47 | (45.7 %) |
Analysts included Bahrain-Based SICO Investment Bank, AlJazira Capital and Osool & Bakheet Investment Group.
Actual Profit versus Estimates
| Company | 2016 - Q4 (net income) | 2016 - Q4 (e) | Most Accurate Research Company |
| DALLAH HEALTH | 51.71 | 61.20 | AlJazira Capital |
| MOUWASAT | 75.65 | 63.00 | Sico |
| ALHAMMADI | 10.48 | 27.00 | Sico |
| CARE | (69.69) | 30.00 | OSOOL AND BAKHEET |
| SAUDI GERMAN HEALTH | 84.73 | 85.00 | Sico |
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MarketIndices
| TASI | 10,995.44 | (24.63) | (0.22 %) |
Company Indices
| DALLAH HEALTH | 113.20 | 1.80 | 1.62% |
| MOUWASAT | 65.15 | (0.15) | (0.23%) |
| CARE | 98.65 | 0.25 | 0.26% |
| ALHAMMADI | 25.52 | 0.08 | 0.31% |
| SAUDI GERMAN HEALTH | 34.06 | (0.14) | (0.41%) |
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