Earnings Report /
Saudi Arabia

Saudi German Hospital: Continued losses at Dammam drag earnings

  • Revenues declined 4.1% yoy (-11.1% qoq) to SAR418mn and were lower than our estimate of SAR428mn

  • Gross profit decreased by 16.1% yoy (-23.4% qoq) to SAR123mn and was lower than our estimate of SAR132mn

  • Operating income stood at SAR17mn, compared to SAR24mn in Q1 20, and lower than our estimate of SAR21mn

SNB Capital
20 May 2021
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