Riyad Capital has released its first-quarter net profit forecasts for the three Tadawul-listed Saudi telecom firms.
Saudi Telecom Co. (STC) is expected to report a 4 percent year-on-year (YoY) drop in net profit to SAR 2.285 billion for Q1-2017.
Etihad Etisalat Co. (Mobily) is set to post a net loss of SAR 48 million during first quarter compared to a net profit of SAR 17 million in the year-ago period.
Mobile Telecommunications Co. (Zain) is seen to narrow its loss to SAR 74 million from a net loss of SAR 250 million in the same period in 2016.
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Profit Estimates |
||
|
Company |
Q1 2017 estimates (SAR mln) |
YoY change |
|
STC |
2,285 |
(4%) |
|
Mobily |
(48) |
-- |
|
Zain |
(74) |
-- |
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