Saudi Arabia: MEAHCO shares plunge on weak Q1 figures

Shares in Middle East Healthcare Company (MEAHCO), the largest healthcare company in Saudi Arabia, plunged almost 9% today after the release of weak first quarter results. Profits after zakat and tax crashed 83.3% to R14.6m (US$3.9m) on revenues that fell 11.4% to R350.2m. In a statement to the Tadawul, the group, which owns and operates…

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