AlJazira Capital’s forecasts for Q2 2024 earnings

03/07/2024 Argaam

AlJazira Capital’s forecasts for Q2 2024 earnings


AlJazira Capital released its Q2 2024 profit estimates for Tadawul-listed banks and firms under coverage.

 

Al Rajhi Bank’s earnings are projected to rise 6% year-on-year (YoY) to nearly SAR 4.4 billion in Q2 2024.

 

The below table illustrates AlJazira Capital’s Q2 2024 estimates for a number of banks and firms under coverage:

 

Q2 2024 Earnings Forecasts (SAR mln)
 

Company

Q2 2024 (Projected)

Change YoY

Banking

Al Rajhi Bank

4414

+ 6%

Alinma Bank

1336

+ 9%

Bank Albilad

662

+ 13%

Telecommunications

stc

3248

+ 8%

Mobily

653

+ 31%

Zain

72

(42%)

Materials

SABIC

670

(43%)

Tasnee

81.8

+ 160%

Yansab

115.0

+ 319%

SABIC AN

660.4

(1%)

Sipchem*

211.6

(32%)

Advanced

57.6

(4%)

Kayan

(503.6)

--

Alujain**

17.9

+ 7%

Maaden

851.3

+ 143%

Yamama Cement

108.3

+ 10%

Saudi Cement

79.5

(7%)

Southern Cement

46.8

+ 146%

Qassim Cement

74.2

+ 95%

Arabian Cement

41.8

+ 50%

Yanbu Cement

41.4

+ 17%

City Cement

35.3

+ 45%

Eastern Cement

59.8

+ 16%

Riyadh Cement

61

+ 14%

Healthcare

Al Hammadi****

55.7

(32%)

Mouwasat

152.5

+ 1%

Care

62.8

+ 31%

Dallah

87.9

+ 66%

Sulaiman Al Habib

513.1

+ 5%

Saudi German Health

36.4

(10%)

Fakeeh Care

63.9

+ 19%

Retailing

Jarir

140.1

(10%)

SACO

(4.7)

--

eXtra

84.3

+ 37%

Americana

158.9

(51%)

Consumer Services

Seera

40.5

(41%)

Leejam

90.7

+ 25%

Other Sectors

Almarai

616.3

+ 11%

Modern Mills

56.6

+ 38%

Budget Saudi

71.8

+ 2%

Theeb

41.4

+ 38%

Lumi

43.1

(13%)

SAL

191.6

+ 76%

SGS

76.2

+ 53%

CATRION

71.4

+ 12%

Al Mawarid

25.9

+ 15%

Al Othaim

46.6

(67%)

BinDawood Holding

66.8

(4%)

Elm

389.8

+ 5%

solutions

337.2

(1%)

2P

33.6

+ 9%

Alkhorayef Water

55.9

+ 57%

Arabian Cement

89.6

+ 5%

Arabian Drilling

126

(10%)

ADES

190

+ 83%

**Includes insurance claims for Hail plant at a value of SAR 53 million.

***Excluding non-operating profit from sale of NATPET
***Excluding an possible reversal of provisions.

 

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