Saudi growth companies reported an aggregate net profit of SAR 1.41 billion for Q1 2016, exceeding average estimates of SAR 1.14 billion by 23 percent, data compiled by Argaam showed.
Saudi Arabian Mining Co.’s (Maaden) net profit was 313 percent ahead of estimates.
Bupa Arabia for Cooperative Insurance and Bawan Co. followed, reporting higher-than-expected earnings by 117 percent and 97 percent, respectively.
Tawuniya Insurance’s net profit was well below forecasts by 38 percent.
Earnings of the remaining companies missed expectations by 36 percent to 1 percent.
|
Q1 Actual vs. Estimates (SAR mln) |
|||
|
Company |
Actual |
Estimates |
Change (%) |
|
Bupa Arabia |
72.6 |
33.4 |
+117% |
|
Tawuniya |
47.0 |
76.2 |
38% |
|
Maaden |
168.9 |
40.9 |
+313% |
|
Shaker Group |
27.4 |
21.7 |
+26% |
|
Spimaco |
106.50 |
107.6 |
1% |
|
Saudi Chemical |
52.48 |
82.5 |
36% |
|
Bawan |
29.7 |
15.1 |
+97% |
|
Bahri |
612.0 |
466.1 |
+31% |
|
Budget Saudi |
49.3 |
48.6 |
+2% |
|
Al Tayyar |
194.0 |
204.2 |
5% |
|
Al Hokair Group |
50.2 |
50.5 |
1% |
|
Total |
1,410.3 |
1,146.8 |
+23% |
Eight local investment firms released forecasts, including KSB Capital, Osool & Bakheet, Albilad Capital, NCB Capital, Saudi Fransi Capital, and Alistithmar.
|
Nearest Estimates of Investment Firms |
||||
|
Company |
Actual profit (SAR mln) |
Closest estimates |
Change |
Firm |
|
Bupa Arabia |
72.64 |
41.4 |
+75% |
Alistithmar Capital |
|
Tawuniya |
47.0 |
71.7 |
34% |
Alistithmar Capital |
|
Maaden |
168.9 |
92 |
+84% |
Saudi Fransi Capital |
|
Shaker Group |
27.4 |
26.4 |
+4% |
NCB Capital |
|
Spimaco |
106.5 |
107.6 |
1% |
Osool & Bakheet Capital |
|
Saudi Chemical |
52.5 |
82.5 |
36% |
Osool & Bakheet Capital |
|
Bawan |
29.7 |
15.1 |
+97% |
KSB Capital |
|
Bahri |
612.0 |
499 |
+23% |
Albilad Capital |
|
Budget Saudi |
49.3 |
48.6 |
40$ |
Osool & Bakheet Capital |
|
Al Tayyar |
194.0 |
194.2 |
-- |
Osool & Bakheet Capital |
|
Al Hokair Group |
50.2 |
52.1 |
4% |
Aljazira Capital |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}