DUBAI: Mouwasat Medical Services Co., one of Saudi Arabia's largest listed healthcare firms, on Monday blamed a 5.6 percent fall in second-quarter net profit on losses from a recently opened hospital as its earnings missed analyst forecasts.

The company made a net profit of SR56.1 million ($14.96 million) in the three months to June 30, down from SR59.4 million 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 SR60.95 million.