Riyad Capital has issued Q1 2016 earnings forecasts for a number of Saudi-listed construction companies under its coverage.
Saudi Ceramic Co.’s net profit is expected to drop 12 percent in Q1 2016 to SAR 74 million, while Bawan Co. is forecast to report the biggest drop, falling 34 percent to SAR 18 million.
United Wire Factories Co. (Aslak) is the only construction company forecast to increase net profit it Q1, with an estimated 15 percent climb to SAR 16 million
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Q1-2016 Profit Estimates (SAR mln) |
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Company |
Q1-2016 estimates |
Y-o-Y change |
|
Ceramic |
74 |
(12%) |
|
Bawan |
18 |
(34%) |
|
Aslak |
16 |
+15% |
|
Zoujaj |
16 |
(14%) |
|
Amiantit |
23 |
(11%) |
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