STC may post 20% profit increase in Q2: Aljazira Capital

01/07/2015 Argaam

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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