KASB Capital issues Q1 earnings estimates

25/04/2024 Argaam Special


KASB Capital recently issued its Q1 2024 earnings estimates for several Saudi companies and banks under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) net profit for Q1 2024 is expected to drop 78% year-on-year (YoY) to SAR 141.80 million, while Al Rajhi Bank’s earnings are expected to rise 2% YoY to SAR 4.22 billion.

 

Net Profit Estimates for Q1 2024 (SAR mln)

Company

Q1 2024 (Projected)

Change YoY

Petrochemical Industries

SABIC

141.84

(78%)

Yansab

(8.68)

--

Advanced

(5.45)

--

Sipchem

125.27

(73%)

SABIC AN

508.08

(48%)

Banking

Al Rajhi Bank

4,223.11

+2%

Alinma Bank

1,358.59

+40%

Bank Albilad

642.44

+15%

Bank AlJazira

274.51

+35%

Telecommunications

stc

2,830.86

(9%)

Mobily

588.20

+27%

Cement

Saudi Cement

74.14

(40%)

Southern Cement

58.12

+19%

Yamama Cement

57.42

(49%)

Qassim Cement

43.40

(21%)

 

Capital Goods

 

Riyadh Cables

151.17

+21%

Astra Industrial

138.62

+4%

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