Ubhar Capital issues Q2 profit forecasts for Saudi firms

05/07/2018 Argaam

 

Ubhar Capital issued Q2 2018 earnings forecast for a number of Tadawul-listed companies.

 

In the cement sector, Saudi Cement Co. is forecast to generate SAR 121.82 million in earnings, up by 30 percent year-on-year (YoY).

 

Al Yamama Cement Co. is estimated to report a profit rise of 54 percent to SAR 18.75 million.

 

The net income of Al Qassim Cement Co. and Yanbu Cement Co. is set to drop by 11 percent and 60 percent in Q2 2018 to SAR 47.23 million and SAR 32.57 million respectively.

 

In the real estate sector, Dar Al-Arkan Real Estate Development Co.’s Q2 profit is forecast to reach SAR 110.30 million. 

 

Also, Saudi Real Estate Co. (Al Akaria) is set to report SAR 33.68 million in net profit in Q2 2018, 62 percent higher YoY.

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