Albilad Capital issues Q2 profit forecasts for Saudi firms
Albilad Capital issued Q2 2018 earnings forecast for a number of Tadawul-listed companies and banks.
Saudi Basic Industries Corporation (SABIC) is estimated to make SAR 5.48 billion in net earnings for Q2 2018, up by 48 percent year-on-year (YoY).
Also, Al Rajhi Bank is seen making a net profit of SAR 2.47 billion, rising by 13 percent YoY.
Alinma Bank’s net earnings are forecast to jump by 24 percent YoY to SAR 604 million.
Yanbu National Petrochemical Co.’s (Yansab) net income is expected to more than double in Q2 2018, while Saudi Arabian Fertilizer Co. (SAFCO) is seen making a net profit of SAR 241 million.
Saudi Arabian Mining Co. (Maaden) is estimated to report a profit rise of 62 percent YoY to SAR 579 million in the three-month period.
Net income of National Shipping Company of Saudi Arabia (Bahri) is seen jumping by 14 percent YoY to SAR 176 million in Q2.
Net profit of Herfy Food Services (Herfy) is forecast to drop by 6 percent YoY in Q2, while Jarir Marketing Co. is projected to report a profit increase of 4 percent YoY.
In the retail sector, Abdullah AlOthaim Markets is estimated to generate net income of SAR 79 million, with a rise of 11 percent YoY.
Al Hammadi Company for Development and Investment Co. is forecast to generate SAR 26 million in earnings, up by 1 percent year-on-year (YoY). Mouwasat Medical Services Co. is estimated to report a profit rise of 27 percent to SAR 97 million.
Elsewhere, Savola Group’s Q2 profit is forecast to plunge by 52 percent YoY to SAR 111 million. However, Almarai Co. is set to report SAR 689 million in net profit in Q2 2018, 2 percent higher YoY.
Albilad Capital Q2 2018 profit estimates (SAR mln) |
||
Company |
Q2 2018 estimates |
YoY Variation |
Banks |
||
Aljazira |
256 |
+16% |
Al Rajhi |
2,470 |
+13% |
Alinma |
604 |
+24% |
Basic Materials |
||
SABIC |
5,478 |
+48% |
SAFCO |
241 |
+18% |
Yansab |
811 |
+134% |
Advanced |
191 |
(2%) |
Yamama Cement |
27 |
+121% |
Saudi Cement |
105 |
+12% |
Yanbu Cement |
45 |
(44%) |
Maaden |
579 |
+62% |
Energy |
||
Bahri |
176 |
+14% |
Commercial Services |
||
Catering |
127 |
(3%) |
Consumer Services |
||
Herfy |
41 |
(6%) |
Retail |
||
eXtra |
45 |
+4% |
Jarir |
154 |
+4% |
Food Retail |
||
Al Othaim |
79 |
+11% |
Farm Superstores |
15 |
(26%) |
Food Production |
||
Savola |
111 |
(52%) |
Almarai |
689 |
+2% |
Nadec |
6 |
(77%) |
Healthcare Equipment & Services |
||
Mouwasat |
97 |
+27% |
Dallah Health |
49 |
(30%) |
Care |
25 |
+28% |
Al Hammadi |
26 |
+1% |
Telecom Services |
||
STC |
2,484 |
+5% |
Mobily |
(107) |
-- |
Zain KSA |
(50) |
-- |
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