Home Industry Finance Saudi’s Mouwasat Medical Q1 Profit Falls 3.5% Mousawat said the slight drop in quarterly profit was due to a net loss from a Riyadh hospital it opened in November 2014. by Reuters April 19, 2015 Saudi Arabia’s Mouwasat Medical Services Co, one of the Kingdom’s largest healthcare providers, reported a 3.5 per cent drop in first-quarter profit on Sunday that the firm blamed on losses from a Riyadh hospital it opened in November. Mousawat made a net profit of SAR55.9 million ($14.90 million) in the three months to March 31, down from SAR57.9 million in the prior-year period, it said in a bourse statement. EFG Hermes forecast Mousawat would make a quarterly profit of SAR57.8 million. Mousawat said the slight drop in quarterly profit was due to a net loss of SAR6.8 million from a Riyadh hospital it opened in November 2014. 0 Comments
