Six major construction firms listed on the Saudi Stock Exchange (Tadawul) are forecast to report a five percent profit growth year-on-year (YoY) to SAR 206.7 million in Q4-2015, according to average estimates from analysts.
Five players were projected to see higher profit, topped by Saudi Steel Pipe Co. (SSP) with a 128 percent surge YoY, data compiled by Argaam showed.
United Wire Factories Co. (Aslak) and Saudi Arabian Amiantit Co. followed with increases of 46 percent and 21 percent, respectively.
Saudi Ceramic Co. and Zamil Industrial Investment Co. will likely see their profit increase by 17 percent and three percent YoY for the same period.
Meanwhile, leading industrial group Bawan Co. is forecast to post a 44 percent profit drop YoY to SAR 20.7 million in Q4.
Estimates included forecast figures from Riyad Capital, Bakheet Investment Group, NCB Capital, and KSB Capital Group.
|
Q4-15 Estimates vs. Q4-14 Actual (SAR mln) |
||||
|
Difference (%) |
Q4-15 E |
Q4-14 A |
Number of analysts |
Company |
|
+128% |
7.3 |
3.2 |
1 |
Saudi Steel Pipes |
|
(44%) |
20.7 |
37.2 |
2 |
Bawan |
|
+17% |
70.0 |
59.8 |
1 |
Saudi Ceramic |
|
+46% |
18.0 |
12.3 |
1 |
Aslak |
|
+21% |
24.0 |
19.9 |
1 |
Amiantit |
|
+3% |
66.7 |
64.9 |
1 |
Zamil |
|
+5% |
206.7 |
197.3 |
2 |
Total |
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