Saudi Basic Industries Corporation (SABIC), the kingdom’s largest petrochemical producer, is likely to report a 31 percent profit drop year-on-year in upcoming second quarter results to SAR 4.45 billion, Albilad Capital said in its latest report.
The firm issued forecasts for a number of Tadawul-listed companies and banks, including Al Rajhi bank and STC.
Al Rajhi bank is expected to post a net profit of SAR 1.72 billion in second quarter, a decline of 12 percent (YoY), Albilad Capital added.
Saudi Telecom Company (STC), however, is seen to report a profit increase of two percent to SAR 2.85 billion.
|
Albilad Capital Estimates – Q2-2015 (SAR mln) |
||
|
YoY change |
Q2-2015 estimations |
Company |
|
-- |
822 |
Aljazira |
|
(12%) |
1,724 |
Al Rajhi |
|
+19% |
365 |
Alinma |
|
(31%) |
4,452 |
Sabic |
|
(7%) |
596 |
Safco |
|
(54%) |
284 |
Yansab |
|
(11%) |
184 |
Yamama Cement |
|
(8%) |
266 |
Saudi Cement |
|
+2% |
245 |
Yanbu Cement |
|
+9% |
56 |
Al Othaim |
|
(2%) |
58 |
Al Mouwasat |
|
(26%) |
40 |
eXtra |
|
+34% |
45 |
Dallah |
|
+7% |
31 |
Farm Superstores |
|
+20% |
162 |
Jarir |
|
(6%) |
528 |
Savola |
|
+12% |
485 |
Marai |
|
+5% |
173 |
Catering |
|
+15% |
32 |
Nadec |
|
+2% |
2,850 |
STC |
|
(23%) |
(254) |
Zain |
|
(39%) |
300 |
Maaden |
|
-- |
350 |
Bahri |
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