Sabic to post 31% profit drop in Q2: Albilad Capital

02/07/2015 Argaam

Saudi Basic Industries Corporation (SABIC), the kingdom’s largest petrochemical producer, is likely to report a 31 percent profit drop year-on-year in upcoming second quarter results to SAR 4.45 billion, Albilad Capital said in its latest report.

 

The firm issued forecasts for a number of Tadawul-listed companies and banks, including Al Rajhi bank and STC.

 

Al Rajhi bank is expected to post a net profit of SAR 1.72 billion in second quarter, a decline of 12 percent (YoY), Albilad Capital added.

 

Saudi Telecom Company (STC), however, is seen to report a profit increase of two percent to SAR 2.85 billion.

 

Albilad Capital Estimates – Q2-2015 (SAR mln)

YoY change

Q2-2015 estimations

Company

--

822

Aljazira

(12%)

1,724

Al Rajhi

+19%

365

Alinma

(31%)

4,452

Sabic

(7%)

596

Safco

(54%)

284

Yansab

(11%)

184

Yamama Cement

(8%)

266

Saudi Cement

+2%

245

Yanbu Cement

+9%

56

Al Othaim

(2%)

58

Al Mouwasat

(26%)

40

eXtra

+34%

45

Dallah

+7%

31

Farm Superstores

+20%

162

Jarir

(6%)

528

Savola

+12%

485

Marai

+5%

173

Catering

+15%

32

Nadec

+2%

2,850

STC

(23%)

(254)

Zain

(39%)

300

Maaden

--

350

Bahri

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.