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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