-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Saudi petchem sector’s Q3 2019 profit misses estimates by 38%
The aggregate net profit of Saudi petrochemical producers reached SAR 2.15 billion in Q3 2019, missing average analysts’ forecasts of SAR 3.44 billion by 38 percent, data compiled by Argaam showed.
Saudi Basic Industries Corp.’s (SABIC) Q3 net profit of SAR 830 million came 62 percent below estimates of SAR 2.2 billion.
Most petrochemical companies missed analysts’ expectations. Meanwhile, National Industrialization Co. (Tasnee), Saudi Kayan Petrochemical Co., Petrochem and Advanced beat average estimates.
Rabigh Refining and Petrochemical Co. (Petro Rabigh) posted today a net profit after zakat and tax of SAR 394 million for Q3 2019, a rise of 62.14 percent year-on-year.
No forecasts were issued by research firms for the company in the third quarter.
Company Estimates Comparisons
| Company | 2019 - Q3 (a) | 2019 - Q3 (e) | Change |
| SABIC | 737.04 | 1,886.92 | (60.9 %) |
| SABIC AGRI-NUTRIENTS | 414.21 | 430.66 | (3.8 %) |
| YANSAB | 212.06 | 278.12 | (23.8 %) |
| TASNEE | 22.42 | 11.55 | 94.1 % |
| SIPCHEM | 111.05 | 189.98 | (41.5 %) |
| SAUDI KAYAN | 1.26 | (142.83) | 100.9 % |
| Petrochem | 171.05 | 149.10 | 14.7 % |
| ADVANCED | 213.12 | 180.80 | 17.9 % |
| SIIG | 160.27 | 170.00 | (5.7 %) |
| Total | 2042.47 | 3154.30 | (35.2 %) |
Actual Profit versus Estimates
| Company | 2019 - Q3 (a) | 2019 - Q3 (e) | Most Accurate Research Company |
| SABIC | 737.04 | 840.00 | OSOOL AND BAKHEET |
| SABIC AGRI-NUTRIENTS | 414.21 | 414.20 | OSOOL AND BAKHEET |
| YANSAB | 212.06 | 212.00 | OSOOL AND BAKHEET |
| TASNEE | 22.42 | 41.00 | SNB Capital |
| SIPCHEM | 111.05 | 166.00 | SNB Capital |
| SAUDI KAYAN | 1.26 | 3.70 | AlJazira Capital |
| Petrochem | 171.05 | 158.00 | OSOOL AND BAKHEET |
| ADVANCED | 213.12 | 210.20 | AlJazira Capital |
| SIIG | 160.27 | 170.00 | SNB Capital |
Most Read
MarketIndices
| TASI | 11,892.32 | (21.63) | (0.18 %) |
Company Indices
| ALUJAIN | 38.40 | (0.35) | (0.90%) |
| TASNEE | 10.10 | (0.02) | (0.20%) |
| NAMA CHEMICALS | 27.60 | 0.15 | 0.55% |
| SABIC | 67.30 | 0.10 | 0.15% |
| SABIC AGRI-NUTRIENTS | 109.60 | 1.00 | 0.92% |
| Sahara Petrochemicals | 17.46 | 0.20 | 1.16% |
| SIIG | 17.06 | 0.22 | 1.30% |
| YANSAB | 37.20 | 0.00 | 0.00% |
| SIPCHEM | 24.14 | 0.06 | 0.25% |
| SAUDI KAYAN | 6.95 | (0.04) | (0.57%) |
| CHEMANOL | 18.68 | (0.06) | (0.32%) |
| PETRO RABIGH | 8.18 | 0.04 | 0.49% |
| Petrochem | 45.60 | (0.60) | (1.30%) |
| ADVANCED | 32.20 | (0.20) | (0.62%) |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}