Al Rajhi Cap issues Q3 profit forecast; SABIC seen 14% lower

04/10/2016 Argaam

Al Rajhi Capital has issued its third quarter net profit forecast for 30 listed Saudi firms under its coverage.

Saudi Basic Industries Corp.’s (SABIC) third quarter profit is expected to decline 14 percent to SAR 4.83 billion.

Saudi Telecom Co.’s (STC) net income is expected to fall 2 percent to SAR 2.28 billion.

Al Rajhi Capital Profit Estimates - (SAR mln)

Company

Q3-2016 estimates

Y-o-Y change

SABIC

4,826

(14%)

Tasnee

180

--

Yansab

649

+115%

Sipchem

19

(74%)

Advanced Petrochemicals

211

(10%)

Safco

287

(49%)

STC

2,280

(2%)

Mobily

12

--

Zain

(290)

--

Arabian Cement

79

(12%)

Yanbu Cement

111

(23%)

Yamama Cement

65

(32%)

Saudi Cement

188

(9%)

Southern Province Cement

193

(5%)

Qassim Cement

86

(25%)

Almarai

578

(3%)

Savola

207

(44%)

Herfy

51

(11%)

Saudi Catering

152

(8%)

Jarir

188

(14%)

Al Hokair

121

(61%)

Al Othaim

41

+10%

eXtra

4

(68%)

Dallah Health Care

40

+50%

Care

38

+47%

Mouwasat

51

+19%

Al Hammadi

25

(10%)

Maaden

117

+46%

Shaker

26

(43%)

Bahri

390

(24%)


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