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DUBAI, July 27 (Reuters) - Mouwasat Medical Services Co
The company made a net profit of 56.1 million riyals ($14.96 million) in the three months to June 30, down from 59.4 million riyals in the same period a year earlier, it said in a bourse statement.
Four analysts polled by Reuters had on average forecast the company would make a quarterly profit of 60.95 million riyals.
Mouwasat attributed the fall in net profit to losses from the opening of a hospital in Riyadh in November 2014.
Saudi companies issue brief earnings statements early in the reporting period before publishing more detailed results later. ($1 = 3.7501 riyals)
(Reporting by Matt Smith, editing by Olzhas Auyezov) ((olzhas.auyezov@thomsonreuters.com; +971 56 225 4871; Reuters Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))
Keywords: MOUWASAT RESULTS/Q2