Bahri likely to double profit to SAR 172 mln in Q3-15: Maceen Capital
The National Shipping Co. of Saudi Arabia (Bahri) is likely to post SAR 172 million net profit for Q3-2015; more than double its profit for the year-ago period, Maceen Capital said in its earnings preview of a number of Tadawul-listed companies under its coverage.
Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO) , the kingdom’s largest pharmaceutical producer, is seen to report a 39 percent profit increase to SAR 51 million in Q3.
Petro Rabigh is expected to post a net profit of SAR 434 million in third quarter, an increase of 48 percent year-on-year (YOY), Maceen Capital added.
Meanwhile, SIIG is a big decliner, with a projected 48 percent drop compared to the same period during the previous year, the report added.