United Securities previews Q4 2023 earnings for Saudi firms

Tadawul trading screen
United Securities issued its Q4 2023 forecasts for some Tadawul-listed companies under its coverage, topped by Saudi Cement Co. and Arabian Internet and Communications Services Co. (solutions).
Saudi Cement’s fourth-quarter profit is expected to drop 38% year-on-year (YoY) to SAR 96 million. The net earnings of solutions are projected to jump 14% YoY to nearly SAR 224 million.
More details are shown in the table below:
|
United Secuirities’ Q4 2023 Profit Forecasts for Saudi Firms |
||
|
Company |
Q4 2023 Forecasts |
YoY Change |
|
Cement |
||
|
Saudi Cement |
96 |
(38%) |
|
Yamama Cement |
60 |
(55%) |
|
Southern Cement |
39 |
(37%) |
|
Yanbu Cement |
24 |
(59%) |
|
Najran Cement |
16 |
(68%) |
|
Riyadh Cement* |
90 |
+9% |
|
Arabian Cement |
36 |
+3% |
|
Eastern Cement |
35 |
(34%) |
|
City Cement |
15 |
(69%) |
|
Software & Services |
||
|
MIS |
27 |
(45%) |
|
solutions |
224 |
+14% |
|
Fuel Retail |
||
|
Aldrees |
61 |
(15%) |
|
Food Retail |
||
|
Americana** |
379 |
+59% |
|
Jahez* |
44 |
(17%) |
|
Pharmaceutical |
||
|
Jamjoom Pharma |
54 |
+70% |
|
SPIMACO |
)9( |
-- |
|
Astra |
89 |
+4% |
|
Transportation |
||
|
Lumi |
41 |
+0.3% |
|
Budget Saudi |
61 |
(6%) |
|
Theeb |
35 |
(35%) |
|
Other Sectors |
||
|
Saudi German Health |
30 |
(10%) |
|
CATRION |
100 |
(7%) |
|
ADES |
89 |
(59%) |
**Converted from $ to SAR.
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