Osool & Bakheet Investment Group revealed first quarter profit forecasts for a number of Tadawul-listed banks and companies, including Saudi Basic Industries Corp. (SABIC), Advanced Petrochemical, and National Commercial Bank (NCB).
Petrochemicals giant SABIC is likely to report SAR 2.78 billion in earnings during the first quarter, a 57 percent year-on-year drop, the group added. Advanced Petrochemical is the biggest drag, with a projected 87 percent drop compared to the same period during the previous year.
Al Rajhi Bank is anticipated to post a 3 percent rise in Q1 profit, while NCB profit is expected to drop 2 percent (YoY).
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Osool & Bakheet Q1-2015 Estimates |
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|
Consensus Estimates |
YoY change |
Q1-2014 estimates |
Company |
|
+11% |
1193.9 |
Riyad Bank |
|
|
(14%) |
136.8 |
Bank Al-Jazira |
|
|
+2% |
342.5 |
Saudi Investment Bank |
|
|
(7%) |
796.1 |
Banque Saudi Fransi |
|
|
(2%) |
1057.2 |
SABB |
|
|
+10% |
1360.7 |
SAMBA |
|
|
+3% |
1753.0 |
Al Rajhi Bank |
|
|
+7% |
184.9 |
Albilad Bank |
|
|
+15% |
335.8 |
Alinma Bank |
|
|
(2%) |
2497.4 |
NCB |
|
|
(57%) |
2781.2 |
Sabic |
|
|
(13%) |
730.0 |
Safco |
|
|
(10%) |
288.2 |
Tasnee |
|
|
(27%) |
73.0 |
Sahara |
|
|
(56%) |
242.5 |
Yansab |
|
|
(87%) |
17.3 |
Advanced Petrochemical |
|
|
+7% |
37.6 |
Hail Cement |
|
|
+71% |
92.0 |
Najran Cement |
|
|
+14% |
190.4 |
Arabian Cement |
|
|
+11% |
72.5 |
City Cement |
|
|
+1% |
175.8 |
Yamama Cement |
|
|
+3% |
163.3 |
Qassim Cement |
|
|
+33% |
294.3 |
Southern Province Cement |
|
|
+25% |
256.1 |
Yanbu Cement |
|
|
(2%) |
43.2 |
Tabuk Cement |
|
|
+4% |
296.6 |
Saudi Cement |
|
|
+4% |
441.0 |
Savola |
|
|
+10% |
301.5 |
Almarai |
|
|
(2%) |
23.1 |
Halwani |
|
|
+10% |
53.0 |
Herfy |
|
|
+13% |
183.1 |
Airlines Catering |
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