The combined net profit of Saudi-listed healthcare companies is projected to fall 1 percent year-on-year (YoY) to SAR 261.3 million in Q2-2016, according to estimates of equity research firms compiled by Argaam.
National Medical Care (CARE) and Al Hammadi Development & Investment Co. are expected to post a profit decline of 17 percent and 36 percent YoY, respectively, in the second quarter.
Meanwhile, Dallah Healthcare Holding Co. and Mouwasat Medical Services Co. are forecasted to report profit growth of 17 percent and 13 percent, respectively, compared to the same period last year.
Middle East Healthcare Co.’s (Saudi German Hospital) Q2 net profit is projected to rise by 6 percent YoY to SAR 97.3 million.
|
Q2-16 Estimates vs. Q2-15 Actual (SAR mln) |
|||
|
Difference (%) |
Q2-16 E |
Q2-15 A |
Company |
|
(17%) |
34.9 |
42.3 |
Care |
|
(36%) |
23.8 |
36.9 |
Al Hammadi |
|
+17% |
42.1 |
35.9 |
Dallah |
|
+13% |
63.2 |
56.1 |
Al Mouwasat |
|
+6% |
97.3 |
92.0 |
Saudi German |
|
(1%) |
261.3 |
263.2 |
Total |
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