Saudi Telecom Company (STC), the kingdom’s largest mobile operator, is likely to report a 20 percent profit rise in upcoming second quarter results to SAR 3.37 billion, Aljazira Capital said in its latest report.
The firm issued forecasts for a number of Tadawul-listed banks and companies, including Sabic, Sahara Petrochemicals, and Al-Rajhi Bank.
Sabic, the kingdom’s largest petrochemicals producer, is likely to report SAR 4.91 billion in earnings for second quarter, a 24 percent drop YoY, Aljazira Capital added.
Sahara is projected to record a 78 percent drop, compared to the same period last year; while Al Rajhi, the kingdom’s second largest bank by assets, is seen to post an 11 percent decline.
Aljazira Capital Estimates – Q2-2015 (SAR mln) |
|||
YoY change |
Q2-2015 estimations |
Company |
|
Petrochemicals |
|||
(-24%) |
4,904.8 |
Sabic |
|
(-73%) |
167.3 |
Yansab |
|
(-12%) |
559.5 |
SAFCO |
|
(-49%) |
125.8 |
Sipchem |
|
(-18%) |
151.2 |
Advanced |
|
(-68%) |
129.1 |
Tasnee |
|
-- |
( 93.9 ) |
Kayan |
|
(-78%) |
41.7 |
Sahara |
|
Banks |
|||
(-11%) |
1,743.1 |
Al Rajhi |
|
+14% |
349.1 |
Alinma |
|
+16% |
237.9 |
Al Bilad |
|
Cement |
|||
(-11%) |
185.2 |
Yamama Cement |
|
(-4%) |
276.9 |
Saudi Cement |
|
(-11%) |
263.3 |
Southern Cemet |
|
+3% |
165.3 |
Qassim Cement |
|
(-7%) |
185.3 |
Arabian Cement |
|
(-2%) |
236.2 |
Yanbu Cement |
|
+7% |
90.6 |
Najran Cement |
|
(-11%) |
40.9 |
Hail Cement |
|
+14% |
70.8 |
City Cement |
|
(-4%) |
78.9 |
Eastern Cement |
|
+2% |
63.1 |
Northern Cement |
|
Agriculture & Food Products |
|||
+12% |
486.8 |
Almarai |
|
+18% |
27.3 |
Halwani |
|
+4% |
28.9 |
AL Jouf Agriculture |
|
Retail |
|||
+18% |
158.8 |
Jarir |
|
+81% |
38.8 |
Al Khaleej Training |
|
+11% |
57.2 |
Al Othaim |
|
+2% |
35.1 |
Dallah |
|
+5% |
62.7 |
Al Mouwasat |
|
(-2%) |
30.6 |
Care |
|
Other Sectors |
|||
+20% |
3,366.2 |
STC |
|
+11% |
47.1 |
Budget |
|
+3% |
169.6 |
Catering |
|
(-90%) |
35.6 |
Al Hassan Shaker |
|
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