Profit of Saudi petchem firms 2% above estimates in Q3
The aggregate net profit of Saudi petrochemical producers – which came in at SAR 9.31 billion in Q3 2018 – beat average analysts’ forecasts of SAR 9.15 billion by 2 percent, data compiled by Argaam showed.
Saudi Basic Industries Corp (SABIC) posted net profit of SAR 6.10 billion in Q3, exceeding average estimates of SAR 5.91 billion by 3 percent.
National Petrochemical Co. (Petrochem) and Sahara Petrochemical Co. the biggest earnings beat at 26 percent and 21 percent, respectively.
Company Estimates Comparisons
Company | 2018 - Q3 (a) | 2018 - Q3 (e) | Change |
SABIC | 6,097.89 | 5,912.33 | 3.1 % |
SABIC AGRI-NUTRIENTS | 522.24 | 503.05 | 3.8 % |
YANSAB | 729.02 | 693.82 | 5.1 % |
TASNEE | 259.37 | 344.60 | (24.7 %) |
SAUDI KAYAN | 471.91 | 590.78 | (20.1 %) |
Petrochem | 307.41 | 244.06 | 26.0 % |
Sahara Petrochemicals | 168.51 | 138.90 | 21.3 % |
SIIG | 318.77 | 271.67 | 17.3 % |
ALUJAIN | 27.59 | 45.50 | (39.4 %) |
ADVANCED | 202.20 | 218.00 | (7.2 %) |
CHEMANOL | 22.45 | 30.00 | (25.2 %) |
Total | 9127.37 | 8992.71 | 1.5 % |
Actual Profit versus Estimates
Company | 2018 - Q3 (a) | 2018 - Q3 (e) | Most Accurate Research Company |
SABIC | 6,097.89 | 6,000.00 | OSOOL AND BAKHEET |
SABIC AGRI-NUTRIENTS | 522.24 | 539.00 | SNB Capital |
YANSAB | 729.02 | 746.90 | AlJazira Capital |
TASNEE | 259.37 | 322.00 | SNB Capital |
SAUDI KAYAN | 471.91 | 501.00 | Sico |
Petrochem | 307.41 | 270.30 | AlJazira Capital |
Sahara Petrochemicals | 168.51 | 150.00 | OSOOL AND BAKHEET |
SIIG | 318.77 | 313.00 | SNB Capital |
ALUJAIN | 27.59 | 41.00 | Sico |
ADVANCED | 202.20 | 212.00 | Al Rajhi Capital |
CHEMANOL | 22.45 | 30.00 | OSOOL AND BAKHEET |
Most Read
- Burgerizzr to debut on TASI today
- GACO says final judgment issued against ex-board member, ownership transfer to Fakih Poultry expected soon
- Overview of Saudi Arabia’s top brokerages in October 2024
- SABIC expects sales to rise on new plant completions: Al-Fageeh
- Saudi Top board approves transition to TASI
MarketIndices
TASI | 12,039.31 | (8.95) | (0.07 %) |
Company Indices
ALUJAIN | 39.50 | (0.35) | (0.88%) |
TASNEE | 10.68 | 0.02 | 0.19% |
NAMA CHEMICALS | 25.70 | 0.35 | 1.38% |
SABIC | 72.50 | (0.30) | (0.41%) |
SABIC AGRI-NUTRIENTS | 114.80 | (0.60) | (0.52%) |
Sahara Petrochemicals | 17.46 | 0.20 | 1.16% |
SIIG | 17.70 | (0.06) | (0.34%) |
YANSAB | 39.65 | 0.50 | 1.27% |
SIPCHEM | 26.10 | (0.25) | (0.95%) |
SAUDI KAYAN | 7.73 | (0.06) | (0.77%) |
CHEMANOL | 18.12 | 0.12 | 0.67% |
PETRO RABIGH | 8.51 | (0.12) | (1.39%) |
Petrochem | 45.60 | (0.60) | (1.30%) |
ADVANCED | 35.90 | (0.05) | (0.14%) |
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}