Saudi growth companies beat street forecasts of SAR 2,453 million by seven percent after posting combined net profits of SAR 2,632 million in first quarter this year, according to a study conducted by Argaam.
Bahri topped the list, beating consensus by 121 percent. It was followed by Jouf Agriculture (56 percent), Farm Superstore (27 percent) and Savola (22 percent).
Home appliance retailer eXtra was below street estimates by 55 percent. Al-Hammadi came second with 27 percent, followed by Maaden at 24 percent.
Meanwhile, Dallah Healthcare and top dairy producer Almarai were in-line with estimates.
|
Profit vs. Estimates – Q1-2015 (SAR mln) |
|||
|
Change |
Consensus estimates |
Actual profit |
Company |
|
(8%) |
53.0 |
48.9 |
Al-Othaim |
|
(55%) |
35.7 |
16.1 |
eXtra |
|
+7% |
230.6 |
247.0 |
Jarir |
|
+6% |
189.7 |
201.7 |
Al-Hokair |
|
(13%) |
64.3 |
55.9 |
Mouwasat |
|
-- |
48.0 |
47.8 |
Dallah |
|
+11% |
25.0 |
27.7 |
Care |
|
+3% |
40.0 |
41.0 |
Al-Hammadi |
|
(9%) |
32.0 |
29.1 |
Farm Superstores |
|
+22% |
386.5 |
470.5 |
Savola |
|
-- |
306.3 |
306.5 |
Marai |
|
(9%) |
184.4 |
167.4 |
Airlines Catering |
|
+4% |
52.5 |
54.5 |
Herfy |
|
(5%) |
27.5 |
26.2 |
Nadec |
|
+56% |
5.5 |
8.6 |
Al-Jouf Agriculture |
|
+2% |
25.5 |
25.9 |
Halwani |
|
(24%) |
343.0 |
260.9 |
Ma’aden |
|
(22%) |
33.5 |
26.2 |
Al-Hassan Shaker |
|
(16%) |
50.0 |
42.1 |
Astra |
|
(5%) |
89.0 |
84.3 |
Ceramic |
|
(12%) |
51.0 |
44.8 |
Budget |
|
+121% |
180.0 |
398.4 |
Bahri |
|
+7% |
2,453.0 |
2,631.5 |
Total |
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