GIB Capital's forecast on Q3 2024 earnings
GIB Capital released Q3 2024 earnings forecasts for Saudi-listed firms under its coverage.
The following table shows GIB Capital’s third-quarter estimates for companies under its coverage:
|
GIB Capital’s Q3 2024 Earnings Estimates (SAR mln) |
|||
|
Company |
Q3 2024 (Projected) |
YoY Change |
|
|
Petrochemicals |
|||
|
Advanced |
38 |
(16%) |
|
|
Alujain |
29 |
+82% |
|
|
Sipchem |
160 |
(31%) |
|
|
Saudi Kayan |
(210) |
-- |
|
|
Energy |
|||
|
Arabian Drilling |
83 |
(41%) |
|
|
ADES* |
195 |
+133% |
|
|
Basic Materials |
|||
|
Luberef |
262 |
(23%) |
|
|
AMAK |
45 |
+769% |
|
|
Public Utilities |
|||
|
MARAFIQ |
85 |
(55%) |
|
|
Miahona |
9 |
(52%) |
|
|
Banks |
|||
|
SNB** |
5132 |
+2% |
|
|
Tadawul Group |
155 |
+52% |
|
|
Retail |
|||
|
Jarir |
311 |
+5% |
|
|
SASCO |
15 |
+16% |
|
|
Food |
|||
|
Tanmiah |
23 |
+34% |
|
|
First Mills |
61 |
+13% |
|
|
Modern Mills |
51 |
+12% |
|
|
Consumer Services |
|||
|
Americana**** |
56 |
(33%) |
|
|
Alamar |
16 |
(20%) |
|
|
Leejam |
114 |
+24% |
|
|
Transportation |
|||
|
Theeb |
48 |
+40% |
|
|
Budget Saudi*** |
90 |
+26% |
|
|
Lumi |
37 |
+6% |
|
|
SAL |
167 |
+44% |
|
|
Other Sectors |
|||
|
Riyadh Cables* |
178 |
+34% |
|
|
Astra |
120 |
+16% |
|
|
Elm |
427 |
+28% |
|
|
Al Akaria |
62 |
-- |
|
|
Retal |
36 |
+8% |
|
|
Al Mawarid |
25 |
+9% |
|
|
SMASCO |
34 |
(23%) |
|
|
Al Arabia |
51 |
(19%) |
|
|
Jamjoom Pharma |
102 |
+32% |
|
|
Avalon Pharma |
18 |
-- |
|
*Profit before minority interest.
**Total operating income.
***Q3 reflects the impact of the acquisition of Auto World.
**** Results are in US dollars.