SABIC to see 41% profit drop in Q1, says Al Rajhi Capital

05/04/2015 Argaam

Al Rajhi Capital said it expects Saudi Basic Industries Corp. (SABIC) to post SAR 3.8 billion in earnings for first quarter, a 41 percent year-on-year drop.

The firm issued on Sunday its estimates for several Tadawul-listed companies, including Savola Group, Mobily, and Saudi Telecom Company (STC).

National Industrialization Company (TASNEE) was the biggest drag, with a projected 66 percent drop compared to the same period during the previous year.

Al Rajhi Capital Q1-2015 Estimates (SAR mln)

Consensus

Estimates

Y-O-Y

Change

Q4-2014

 Estimates

Company

Petrochemical Sector

Consensus

(41%)

3810

Sabic

Consensus

+64%

113

Sipchem

Consensus

(7%)

780

Safco

Consensus

(66%)

107

Tasnee

Consensus

(34%)

368

Yansab

Consensus

+1%

101

Sahara

Cement Sector

Consensus

+6%

177

Arabian Cement

Consensus

(13%)

152

Yamama Cement

Consensus

+11%

318

Saudi Cement

Consensus

(4%)

152

Qassim Cement

Consensus

+15%

236

Yanbu Cement

Consensus

+26%

279

Southern Province

Telecommunications Sector

Consensus

(11%)

2108

STC

Consensus

--

314

Mobily

Consensus

--

(308)

Zain

Agriculture & Food Industries

Consensus

+11%

303

Al Marai

Consensus

+6%

451

Savola

Consensus

+8%

52

Herfy

Consensus

+6%

171

Airlines Catering

Retail Sector

Consensus

+24%

249

Jarir

Consensus

(10%)

172

Al Hokair

Consensus

+14%

53

Al Othaim

Consensus

+28%

38

eXtra

Healthcare Sector

Consensus

+12%

45

Dallah

Consensus

+7%

62

Mouwasat

Consensus

(47%)

17

Care

Consensus

+18%

40

Hammadi

Other Sectors

Consensus

--

333

Maaden

Consensus

+2%

89

Saudi Ceramic

Consensus

+52%

32

Al Hassan Shaker

Consensus

(20%)

50

Astra


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