GIB Capital previews Q4 2023 earnings

10/01/2024 Argaam Special
Tadawul trading screen

Tadawul trading screen


GIB Capital issued Q4 2023 earnings forecasts for Tadawul-listed firms under coverage.  

 

The following table shows GIB Capital’s fourth-quarter estimates for the companies under its coverage:

 

Q4 2023 Profit Forecasts

Company

Q4 2023

YoY Change 

Petrochemicals

Advanced

19

--

Alujain

12

--

Sipchem

233

(52 %)

Saudi Kayan

(585)

--

Energy

Arabian Drilling

160

+17%

ADES Holding

130

(41%)

Materials

Luberef

438

(42%)

AMAK

12

(44%)

Utilities

MARAFIQ

121

(8%)

Banks

SNB

5,084

+7%

Retail

Jarir

236

(12%)

SASCO

17

(40%)

Tanmiah

19

(85%)

First Mills

46

+127%

Pharmaceuticals

Astra

93

+9%

Jamjoom Pharma

40

+26%

Transport

Theeb

44

(18%)

Budget Saudi

71

+9%

Lumi

66

+61%

SAL

133

+18%

Other Sectors

Tadawul Group

105

+84%

Americana

229

(4%)

Alamar

22

(25%)

Leejam

134

+25%

Riyadh Cables

131

+23%

GAS*

42

(15%)

Obeikan

18

(22%)

Elm

352

+66%

Azm**

14

+26%

Al Akaria

(12)

(115%)

Retal

35

(44%)

Al-Mawarid

25

(1%)

Al-Arabiya

114

+41%

*Results for the second half ended December 2023

**Results for the first half ended December 2023

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