The combined net profit of nine Tadawul-listed growth companies is projected to jump 38 percent year-on-year (YoY) to SAR 1.58 billion in Q4-2015, according to average analysts’ estimates compiled by Argaam.
The National Shipping Company of Saudi Arabia (Bahri) is expected to report the biggest profit surge of 327 percent YoY to SAR 526.6 million in Q4.
Al Hassan Ghazi Ibrahim Shaker will likely swing to profit in Q4 with a 242 percent profit increase, followed by Bupa Arabia for Cooperative Insurance with a 142 percent rise.
The Company for Cooperative Insurance (Tawuniya) will likely see its profit rise by 46 percent, followed by Al-Tayyar Travel Group Holding Co. (23 percent), United International Transportation Company Ltd. (Budget Saudi) (11 percent) and Abdulmohsen Alhokair Group for Tourism and Development Co. (10 percent).
Saudi Chemical’s Q4 net profit is forecast to rise slightly by one percent YoY.
Meanwhile, Saudi Arabian Mining Co. (Maaden) is expected to see its Q4-2015 profit drop 77 percent to SAR 87.7 million, compared to SAR 376 million in the same period in 2014.
Analyst estimates included figures from Bakheet Investment Group— which provided coverage for all firms— AlJazira Capital, Saudi Fransi Capital, and NCB Capital, which forecasted figures for only one firm.
|
Q4-15 Estimates vs. Q4-14 Actual (SAR mln) |
||||
|
Difference (%) |
Q4-15 E |
Q4-14 A |
Number of analysts |
Company |
|
+327% |
526.6 |
123.4 |
4 |
Bahri |
|
+23% |
283.7 |
231.5 |
4 |
Al-Tayyar |
|
+142% |
279.4 |
115.5 |
1 |
Bupa |
|
+46% |
218.7 |
149.4 |
1 |
Tawuniya |
|
(77%) |
87.7 |
376.0 |
5 |
Maaden |
|
+1% |
67.4 |
66.5 |
1 |
Saudi Chemical |
|
+10% |
55.0 |
50.2 |
2 |
Al-Hokair Group |
|
+11% |
49.7 |
44.7 |
2 |
Budget |
|
+242% |
14.2 |
(10.0) |
3 |
Shaker Group |
|
+38% |
1582.4 |
1147.2 |
5 |
Total |
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