Al Rajhi Capital issued Q3 2020 earnings forecasts for Saudi-listed companies.

 

Saudi Arabian Oil Co. (Saudi Aramco) is forecast to post a decline of 38% year-on-year (YoY) in Q3 2020 net profit to SAR 49.3 billion. Saudi Basic Industries Corporation (SABIC) is expected to post a 38% profit rise YoY to SAR 925 million during the same period.

 

In petrochemicals, Sahara International Petrochemical Company (Sipchem) is expected to see a 86% YoY slump in the third-quarter net profit.

 

Elsewhere, Najran Cement Co. is seen making a net profit of SAR 39 million, a surge of 176% YoY in Q3. Saudi Cement Co. is forecast to report a 45% YoY profit increase in the three-month period.

 

In the telecom sector, Etihad Etisalat Co.’s (Mobily) profit is projected to surge 323% YoY to SAR 216 million.

 

Herfy Food Services Co.’s Q3 2020 net profit is estimated to drop 44% YoY.

 

In retail, Jarir Marketing Co.'s earnings are projected to fall by 26% YoY to SAR 225 million in Q3.

 

Elsewhere, all healthcare sector companies are seen to report profit growth in Q3 2020.

 

Al Rajhi Capital’s Q3 Forecasts (SAR mln)

Company

Q3 2020 Estimates (SAR mln)

YoY Variation

Petrochemicals Sector

SABIC

925

+38%

Sipchem

16

(86%)

SAFCO

376

(9%)

Yansab

146

(31%)

Advanced

194

(9%)

Cement Sector

Arabian Cement

80

+32%

Yamama Cement

70

+28%

Saudi Cement

120

+45%

Qassim Cement

122

+35%

Yanbu Cement

67

+8%

Southern Cement

164

+82%

Najran Cement

39

+167%

Telecommunications

STC

2617

(5%)

Mobily

216

+323%

Zain Saudi

37

(69%)

Food & Agriculture

Savola

296

+33 %

Herfy

32

(44%)

Retail

Jarir

225

(26%)

Alhokair*

(117)

--

Al Othaim

103

+37%

eXtra

17

(38%)

Healthcare Sector

Dallah

31

+16%

Mouwasat

121

+30%

Care

28

+68%

Al Hammadi

31

+46%

Other sectors

Bupa Arabia

252

(3%)

Leejam

15

(69%)

Saudi Ceramic

53

+54%

Saudi Aramco

49327

(38%)

SISCO

27

+303%

Aldrees

33

+99%

SADAFCO*

75

+15%

*Q2 as the fiscal year ends March 31.

Al Rajhi Capital - Saudi-listed companies

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Quotes

STC
42.05
(0.10) (0.24%)
ACC
24.88
(0.32) (1.27%)
QACCO
51.40
(0.90) (1.72%)
SAUDI CEMENT
39.80
(0.40) (1.00%)
SPCC
32.90
(0.20) (0.60%)
YC
31.00
(1.05) (3.28%)
YCC
22.78
(0.22) (0.96%)
SAUDI CERAMICS
32.85
0.25 0.77%
SABIC
72.80
0.10 0.14%
SADAFCO
363.80
4.80 1.34%
SABIC AGRI-NUTRIENTS
114.60
0.80 0.70%
SAVOLA GROUP
25.60
(0.20) (0.78%)
SISCO HOLDING
30.15
(0.10) (0.33%)
YANSAB
39.30
(0.50) (1.26%)
JARIR
13.20
(0.04) (0.30%)
ALDREES
134.20
(4.20) (3.03%)
SIPCHEM
26.40
0.10 0.38%
BUPA ARABIA
201.20
(0.20) (0.10%)
A.OTHAIM MARKET
11.68
(0.12) (1.02%)
CENOMI RETAIL
12.98
(0.10) (0.76%)
ADVANCED
36.00
(0.35) (0.96%)
NAJRAN CEMENT
9.13
(0.04) (0.44%)
ZAIN KSA
10.52
(0.04) (0.38%)
HERFY FOODS
25.00
0.56 2.29%
DALLAH HEALTH
158.20
(1.40) (0.88%)
MOUWASAT
95.70
1.60 1.70%
EXTRA
99.60
(1.40) (1.39%)
CARE
190.40
(0.40) (0.21%)
ALHAMMADI
40.10
0.15 0.38%
SAUDI ARAMCO
27.10
0.10 0.37%
Leejam Sports
192.00
2.00 1.05%


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request