8 things to watch on Tadawul today

11/11/2018 Argaam

 

Here are a few things you need to know as Saudi stocks start trading on Sunday.

 

1) Bupa Arabia for Cooperative Insurance Co. reported a net profit before zakat of SAR 433 million in the first nine months of 2018, a 8.4 percent year-on-year (YoY) jump.

 

2) Qassim Cement Co.’s board of directors has recommended a 2.5 percent cash dividend for the third quarter of 2018, at SAR 0.25 per share, amounting to SAR 22.5 million.

 

3) Saudi Marketing Co.'s (Farm Superstores) net profit after zakat and tax plummeted 92.9 percent year-on-year (YoY) to SAR 3.5 million in the first nine months of 2018.

 

4) Emaar The Economic City (Emaar EC) reported a net loss after zakat and tax of SAR 196 million in the first nine months of 2018, compared to a net profit of SAR 43 million a year earlier.

 

5) Al Jouf Cement Co. reported a net loss after zakat and tax of SAR 28.5 million in the first nine months of 2018 compared to a net profit of SAR 32.7 million a year earlier.

 

6) Red Sea International Co. widened losses by almost fourfold to SAR 39.01 million in the first nine months of 2018, attributed to a drop of SAR 43.5 million in gross profit.

 

7) Arabian Pipes Co. reported a net loss of SAR 33.6 million for the first nine months of 2018, from a net profit of SAR 7.3 million in the same period last year due to higher cost of sales.

 

8) Northern Region Cement Co. incurred net losses of SAR 238,519 in the first nine months of 2018, versus net profit of SAR 37.54 million in year-earlier period.

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