Osool & Bakheet Investment Co. released Q2 2020 earnings forecast for 32 Saudi-listed firms under its coverage.
Saudi Basic Industries Corporation (SABIC) is expected to incur net losses of SAR 500 million for the second quarter.
Advanced Petrochemical Co. is forecast to post a 40% YoY fall in Q2 2020 net profit to SAR 116 million.
Al Rajhi Bank’s net earnings are likely to drop 23% year-on-year (YoY) to SAR 2 billion.
National Commercial Bank (NCB) is expected to post a 15% decline in Q2 net earnings to SAR 2.3 billion.
Yamama Cement Co. is expected to report a 42% YoY increase in the second quarter net profit to SAR 75.7 million, while Saudi Cement’s earnings are forecast to decline 8% YoY to SAR 85.1 million in Q2.
Elsewhere, Al Hammadi Company for Development and Investment is likely to report a 39% profit plunge YoY to SAR 12.3 million in the same quarter.
|
Osool & Bakheet Profit Estimates (SAR mln) |
||
|
Company |
Q2 2020 estimates |
Y-o-Y Variation |
|
Banks |
||
|
Riyad Bank |
1100.0 |
(27%) |
|
Aljazira |
170.0 |
(33%) |
|
ANB |
630.0 |
(30%) |
|
Al Rajhi |
2000.0 |
(23%) |
|
SABB |
850.0 |
+323% |
|
Samba |
900.0 |
(4%) |
|
NCB |
2300.0 |
(15%) |
|
BSF |
585.0 |
(27%) |
|
Materials |
||
|
SABIC |
(500.0) |
(124%) |
|
SAFCO |
300.0 |
(21%) |
|
Advanced |
116.0 |
(40%) |
|
Hail Cement |
19.4 |
-- |
|
City Cement |
42.0 |
+30% |
|
Umm Al Qura Cement |
16.7 |
+36% |
|
Arabian Cement |
(5.5) |
(115%) |
|
Yamama Cement |
75.7 |
+42% |
|
Saudi Cement |
85.1 |
(8%) |
|
Qassim Cement |
86.5 |
+23% |
|
Southern Cement |
111.0 |
+22% |
|
Yanbu Cement |
34.2 |
(15%) |
|
Eastern Cement |
40.5 |
+27% |
|
MEPCO |
5.5 |
+237% |
|
Healthcare |
||
|
Al Hammadi |
12.3 |
(39%) |
|
Other Sectors |
||
|
SACO |
2.9 |
(87%) |
|
eXtra |
67.7 |
(7%) |
|
Jarir |
201.5 |
+19% |
|
SGS |
(228.4) |
(284%) |
|
Catering |
(190.2) |
(262%) |
|
Leejam |
(106.0) |
(314%) |
|
Herfy |
20.0 |
(51%) |
|
Halwani |
17.5 |
-- |
|
NADEC |
47.5 |
-- |
Comments
{{DisplayName}}
{{ElapsedTime}}