Riyadh –   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.

 

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.