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Agri-food firms' aggregate Q4 profit misses estimates by 29%
Saudi agricultural firms and food producers reported an aggregate net profit of SAR 691 million in Q4 2017, 29 percent lower than analyst forecasts of SAR 972 million, according to data compiled by Argaam.
Savola Group, National Agriculture Development Co. (NADEC), and Al-Jouf Agricultural Development Co. reported losses of SAR 37.51 million, SAR 7.61 million and SAR 1.69 million respectively in Q4 2017, against analyst expectations of a profit.
Saudia Dairy & Foodstuff Company (SADAFCO) missed estimates by 19.8 percent, after posting a net profit of SAR 58.52 million in Q4.
Halwani Bros was the only company in the sector to beat estimates. The firm reported net profit of SAR 20 million in the fourth quarter, exceeding the consensus estimate by 2 percent.
Company Estimates Comparisons
| Company | 2017 - Q4 (a) | 2017 - Q4 (e) | Change |
| ALMARAI | 512.89 | 526.81 | (2.6 %) |
| HERFY FOODS | 47.89 | 49.79 | (3.8 %) |
| CATRION | 98.91 | 106.66 | (7.3 %) |
| SAVOLA GROUP | (37.51) | 169.83 | (122.1 %) |
| NADEC | (7.61) | 12.70 | (159.9 %) |
| ALJOUF | (1.69) | 13.40 | (112.6 %) |
| SADAFCO | 50.13 | 57.30 | (12.5 %) |
| HB | 20.00 | 19.60 | 2.0 % |
| Total | 683.00 | 956.08 | (28.6 %) |
Actual Profit versus Estimates
| Company | 2017 - Q4 (a) | 2017 - Q4 (e) | Most Accurate Research Company |
| ALMARAI | 512.89 | 513.00 | OSOOL AND BAKHEET |
| HERFY FOODS | 47.89 | 48.62 | Alistithmar Capital |
| CATRION | 98.91 | 101.35 | Alistithmar Capital |
| SAVOLA GROUP | (37.51) | 144.00 | SNB Capital |
| NADEC | (7.61) | 11.00 | Albilad Capital |
| ALJOUF | (1.69) | 13.40 | AlJazira Capital |
| SADAFCO | 50.13 | 57.30 | Arbah Capital |
| HB | 20.00 | 19.60 | AlJazira Capital |
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MarketIndices
| TASI | 11,892.32 | (21.63) | (0.18 %) |
Company Indices
| NADEC | 25.15 | (0.40) | (1.57%) |
| GACO | 18.14 | 0.10 | 0.56% |
| TADCO | 14.80 | (0.02) | (0.14%) |
| SFICO | 22.18 | (0.10) | (0.45%) |
| SHARQIYAH DEV | 19.14 | 0.12 | 0.63% |
| ALJOUF | 59.10 | 0.60 | 1.03% |
| JAZADCO | 12.80 | 0.06 | 0.47% |
| ALMARAI | 57.50 | (0.30) | (0.52%) |
| WAFRAH | 37.30 | 0.20 | 0.54% |
| SADAFCO | 331.40 | 2.60 | 0.79% |
| SAVOLA GROUP | 35.85 | (1.10) | (2.97%) |
| ANAAM HOLDING | 1.33 | 0.04 | 3.13% |
| HB | 52.30 | 0.10 | 0.19% |
| HERFY FOODS | 24.86 | 0.84 | 3.48% |
| CATRION | 121.00 | 1.60 | 1.33% |
| DWF | 132.00 | (0.60) | (0.45%) |
| BURGERIZZR | 21.34 | (0.40) | (1.88%) |
| ARABIAN MILLS | 48.90 | (0.10) | (0.20%) |
| FOURTH MILLING | 4.02 | 0.00 | 0.00% |
| TANMIAH | 119.20 | 0.40 | 0.34% |
| NAQI | 63.50 | (0.20) | (0.31%) |
| FIRST MILLS | 59.60 | (0.50) | (0.83%) |
| MODERN MILLS | 41.00 | (0.10) | (0.24%) |
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