United Securities: As earnings loom, what to expect in Q3 2024?

06/10/2024 Argaam
Tadawul trading screen

Tadawul trading screen 


United Securities has issued its Q3 2024 estimates for several Saudi companies and banks under its coverage.

 

Net Profit Estimates for Q3 2024 (SAR mln)

Company

Q3

2024 (Projected)

Change YoY

Banking

Al Rajhi Bank

4440

+7%

SNB

5028

+0.4%

Riyad Bank

2153

+3%

Alinma Bank

1557

+18%

SAB

1892

+3%

Transport & Logistics

Lumi

37

+6%

Budget Saudi

77

+8%

Theeb

41

+19%

SAL

165

+42%

Cement

Saudi Cement

108

+58%

Yamama Cement

113

+177%

Southern Cement

43

(19%)

Yanbu Cement

46

+196%

Najran Cement

21

+50%

Riyadh Cement

64

--

Arabian Cement

49

+65%

Eastern Cement

63

+54%

City Cement

44

+895%

IT

MIS

33

--

solutions

334

(14%)

Fuel Retail

Aldrees

87

+29%

Food Retail

Americana*

57

(31%)

Herfy

8

(28%)

NADEC

117

+55%

Pharmaceuticals

Jamjoom Pharma

100

+29%

SPIMACO

33

--

Astra Industrial

115

+11%

Telecoms

stc

3337

(32%)

Etihad Etisalat

593

+13%

Zain KSA

97

(66%)

Healthcare

Saudi German Health

62

 +16%

Care

78

+6%

Al Hammadi

84

+12%

Mouwasat

184

+18%

Sulaiman Al Habib

557

+2%

Other Sectors

Aldawaa

88

+23%

CATRION

81

(12%)

Saudi Ground Services

85

+42%

ADES

211

+151%

Al-Arabia

57

(9%)

Nahdi

194

(9%)

*In US dollar

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