Saudi Fransi Capital has issued Q1 2016 earnings forecasts for all Saudi-listed telecommunications companies, except Etihad Atheeb Telecommunication Co. 

 

Saudi Telecom Co. (STC) is expected to report 28 percent growth in Q1 2016 net profit to SAR 3.19 billion.

 

However, Etihad Etisalat Co.’s (Mobily) is forecast to narrow its net loss to SAR 36 million, from a loss of SAR 199 million in Q1 2015.

 

Similarly, Mobile Telecommunications Company Saudi Arabia (Zain Saudi) is expected to post a net loss of SAR 260 million compared to a loss of SAR 257 million in the same period last year. 

 

Q1-2016 Profit Estimates (SAR mln)

Company

Q1-2016 estimates

Y-o-Y change

STC

3,192

+28%

Mobily

(36)

+19%

Zain

(260)

(1%)

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