17/08/2017 Argaam Exclusive
AI Summary
The aggregate net profit of five Tadawul-listed healthcare firms – which reached SAR 248.6 million for Q2 2017 – fell short of average analysts’ forecasts of SAR 275.3 million by 9.7 percent, according to data compiled by Argaam.
Dallah Healthcare Holding Co. topped average estimates by 6 percent. It was followed by Mouwasat Medical Services Co. which saw its net profit beat expectations by 4 percent.
The Saudi German Hospital (SGH) reported the biggest profit miss of 33 percent.
The results of National Medical Care Co. and Al Hammadi Company for Development and Investment came in 21 percent and 1 percent lower than street estimates, respectively.
| Company | 2017 - Q2 (net income) | 2017 - Q2 (e) | Change |
| MOUWASAT | 76.34 | 73.70 | 3.6 % |
| CARE | 19.50 | 24.54 | (20.5 %) |
| ALHAMMADI | 25.66 | 25.81 | (0.6 %) |
| DALLAH HEALTH | 69.99 | 65.93 | 6.2 % |
| SAUDI GERMAN HEALTH | 61.95 | 85.33 | (27.4 %) |
| ASTRA INDUSTRIAL | 7.00 | 20.00 | (65.0 %) |
| Total | 260.43 | 295.31 | (11.8 %) |
Analysts included Bahrain-Based SICO Investment Bank, Al Rajhi Capital and Osool & Bakheet Investment Group.
| Company | 2017 - Q2 (net income) | 2017 - Q2 (e) | Most Accurate Research Company |
| MOUWASAT | 76.34 | 77.30 | OSOOL AND BAKHEET |
| CARE | 19.50 | 19.70 | Al Rajhi Capital |
| ALHAMMADI | 25.66 | 25.00 | Sico |
| DALLAH HEALTH | 69.99 | 68.00 | Al Rajhi Capital |
| SAUDI GERMAN HEALTH | 61.95 | 81.00 | Sico |
| ASTRA INDUSTRIAL | 7.00 | 20.00 | HSBC |
| TASI | 11,276.91 | (0.82) | (0.01 %) |
| ASTRA INDUSTRIAL | 157.20 | 0.70 | 0.44% |
| DALLAH HEALTH | 128.60 | (1.40) | (1.08%) |
| MOUWASAT | 78.60 | 0.30 | 0.38% |
| CARE | 167.00 | (1.70) | (1.01%) |
| ALHAMMADI | 38.00 | (0.02) | (0.05%) |
| SAUDI GERMAN HEALTH | 60.10 | 0.95 | 1.61% |
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