SABIC likely to see 23% profit drop in Q2: Osool & Bakheet

25/06/2015 Argaam

Saudi Basic Industries Corp. (SABIC), the kingdom’s largest petrochemicals producer, is likely to report a 23 percent profit drop in upcoming second quarter results to SAR 4.96 billion, Osool & Bakheet Investment Group said in its latest report.

 

The firm issued forecasts for a number of Tadawul-listed banks and companies, including Sahara Petrochemical and National Commercial Bank (NCB).

 

Sahara is projected to record an 85 percent drop, compared to the same period last year.

 

Al Rajhi, the kingdom’s second largest bank by assets, is seen to post a nine percent decline, while NCB profit may rise five percent year-on-year.

 

Osool & Bakheet Estimates – Q2-2015 (SAR mln)

YoY change

Q2-2015 estimations

Company

+5%

2,551.6

NCB

+7%

1,216.1

RIBL

+362%

770.0

BJAZ

+9%

383.1

Saudi Investment

+5%

929.6

Banque Saudi Fransi

(-2%)

1,133.5

SABB

+1%

1,264.9

SAMBA

(-9%)

1,777.6

Al Rajhi Bank

+9%

223.3

Al Bilad

+18%

363.5

Alinma

+4%

501.9

Saudi Hollandi

+1%

789.6

ANB

(-23%)

4,960.0

SABIC

+6%

674.2

SAFCO

(-27%)

298.2

Tasnee

(-85%)

28.4

Sahara Petrochemical

(-31%)

145.2

Saudi Industrial Investment Group

(-17%)

153.3

Advanced

(-2%)

45.1

Hail Cement

+6%

89.7

Najran Cement

+2%

204.7

Arabia Cement

+13%

70.5

City Cement

(-5%)

58.9

Northern Region cement

+4%

307.1

Southern Region Cement

(-2%)

282.3

Saudi Cement

(-52%)

179.7

Ma’aden

(-76%)

6.7

Takween

+127%

85.8

Bupa Arabia

(-17%)

25.9

National Medical Care

+24%

167.0

Jarir

+15%

40.7

Aldrees

+104%

265.5

Al Bahri

+10%

564.0

SAVOLA

+13%

490.5

Almarai

+19%

27.6

Halwani Bros.

+21%

63.4

Herfy

+10%

181.2

Saudi Airlines catering

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.