Arbah Capital has issued Q2 2017 earnings forecasts for several Tadawul-listed companies under its coverage.
Among healthcare firms, Al Hammadi Company for Development and Investment is expected to report a year-on-year (YoY) profit jump of 30.9 percent to SAR 27.4 million, boosted by increased bed capacity compared to the same quarter last year.
National Medical Care Co. (Care) is seen posting net earnings of SAR 22.8 million in Q2 2017, plunging 60.6 percent YoY on doubtful receivables and provisions.
Dallah Healthcare is expected to record a profit increase of 21.3 percent YoY to SAR 66 million.
Meanwhile, forecasts were positive for two out of three food and beverages companies under its coverage. Almarai is likely to report the biggest profit rise of 9.6 percent YoY to SAR 689 million, on lower operating expenses and seasonality factors, as the holy month of Ramadan fell in Q2.
The National Agricultural Development Company (NADEC) is projected to register a profit rise of 2.3 percent YoY.
Elsewhere, the outlook was negative for Saudi Airlines Catering Co., with YoY profit drop of 2 percent.
|
Arbah Profit Estimates (SAR mln) |
||
|
Company |
Q2 forecast |
YoY change |
|
Healthcare equipment & services |
||
|
Al Hammadi |
27.4 |
30.9% |
|
Care |
22.8 |
(60.6%) |
|
Mouwasat |
75.0 |
-- |
|
MEAHCO |
89.0 |
-- |
|
Dallah |
66.0 |
21.3% |
|
|
Food & Beverages |
|
|
NADEC |
38.0 |
2.3% |
|
Savola |
181.5 |
(26.4%) |
|
Almarai |
689.0 |
9.6% |
|
Commercial and Professional Services |
||
|
Catering |
142.2 |
(2.0%) |
|
|
Consumer Services |
|
|
Herfy |
50.5 |
1.6% |
|
Hokair Group |
38.1 |
102.6% |
|
|
Retailing |
|
|
Fawaz Alhokair* |
212.0 |
0.3% |
*Year end March 31 
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