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Saudi healthcare firms’ profit drops to SAR 941m in 2018

Saudi healthcare firms’ profit drops to SAR 941m in 2018
The healthcare firms’ profits plunged 42.87% to SAR 188 million in Q4-18
SAUDI GERMAN HEALTH
4009
58.21% 109.80 40.40
CHEMICAL
2230
78.54% 7.07 3.11
CARE
4005
54.95% 187.80 66.60

DALLAH HEALTH
4004
14.58% 179.20 22.80
MOUWASAT
4002
37.55% 134.80 36.80
ALHAMMADI
4007
6.84% 60.90 3.90

By: Thabet Shehata

Riyadh – Mubasher: The consolidated profits of the healthcare companies listed on the Saudi Stock Exchange (Tadawul) tumbled to SAR 941 million during the full-year 2018, from SAR 1.29 billion a year earlier.

Tadawul’s healthcare sector includes six firms; namely, Mouwasat Medical Services, Middle East Healthcare Company (Saudi German Hospital), Dallah Healthcare Company (DHC), Saudi Chemical Co, Al Hammadi Company for Development and Investment, and National Medical Care Co.

Profits of all firms levelled down, except Mouwasat, whose profits increased 7% to SAR 360 million last year, from SAR 337 million in 2017, while Saudi German Hospital’s earnings tumbled 46% to SAR 172.25 million, compared to SAR 319.5 million.

National Medical Care’s profit slumped 27.1% year-on-year in 2018, logging SAR 62.18 million, compared to SAR 85.3 million.

Q4-18

The healthcare firms’ profits plunged 42.87% to SAR 188 million for the fourth quarter of 2018, from SAR 329.2 million during Q4-17.

 

Translated by: Mohammad Hesham Azab