SABIC to see 37% profit drop in Q3, says Osool & Bakheet

21/09/2015 Argaam

Osool & Bakheet Investment Group issued third quarter profit forecasts for a number of Tadawul-listed companies, including Saudi Basic Industries Corp. (SABIC), Saudi Arabian Mining Company (Maaden), Riyad Bank and National Commercial Bank (NCB).

 

Petrochemicals giant SABIC is likely to report SAR 3.88 billion in earnings during the third quarter, a 37 percent year-on-year (YOY) drop, the group added.

 

Saudi Arabian Mining Company (Maaden) is the biggest drag, with a projected 39 percent drop compared to the same period during the previous year.

 

Riyad Bank is seen to post a three percent decline in Q3 profit, while NCB’s profit is expected to rise four percent YOY.

 

Osool & Bakheet Estimates – Q3-2015 (SAR mln)

YoY change

Q3-2015 estimations

Company

+9%

22.4

Halwani

+13%

64.1

Herfy

(-24%)

534.7

SAVOLA

+11%

598.1

Al Marai

+13%

175.6

Catering

+1%

37.6

Al Jouf Agriculture

+176%

130.3

Bank Aljazira

(-4%)

357.4

Saudi Investment

+4%

962.5

BSF

+4%

1730.5

Alrajhi

+5%

346.8

Alinma

+4%

1984.4

NCB

(-3%)

1049.3

Riyad Bank

(-1%)

1049.4

SABB

+1%

1298.9

Samba

(-3%)

231.1

Albilad

+16%

534.6

Saudi Hollandi

+11%

832.4

ANB

+8%

44.5

Najran Cement

+28%

60.3

City Cement

+17%

59.9

Northern Cement

+18%

161.1

Yamama Cement

+5%

243.1

Saudi Cement

+8%

176.1

Yanbu Cement

+53%

29.8

Takween

+20%

52.4

Al Hassan Shaker

(-39%)

296.5

Maaden

+31%

210.5

Bupa Arabia

+2%

3439.2

STC

(-24%)

175.0

Advanced Petrochemicals

+222%

55.0

Sahara

(-5%)

260.0

SIIG

(-31%)

865.0

SAFCO

(-37%)

3881.0

SABIC

+28%

26.0

Care

+9%

221.2

Jarir

+28%

33.9

Al Drees

+1%

42.8

Al Othaim

(-20%)

57.5

Al Mouwasat

+67%

36.8

Dallah Healthcare

+14%

28.3

Farm Superstores

(-1%)

25.1

Hammadi

(-0.4%)

19.9

Al Khaleej Training

+268%

312.3

Bahri

+10%

48.8

Budget

+7%

261.1

Al Tayyar

+7%

45.5

Al Hokair

+5%

38.6

Dur

 

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