Take a look at Aljazira Capital’s Q4 earnings estimates for firms, banks

03/01/2018 Argaam

Aljazira Capital has published its Q4 estimates for several Saudi companies and banks under its coverage.

Saudi Basic Industries Corporation’s (SABIC) net profit for Q4 is expected to reach SAR 5.95 billion, up 23 percent year-on-year (YoY), while Al Rajhi Bank’s earnings are expected to rise 15 percent YoY to SAR 2.34 billion.

Saudi Telecom Co. (STC) is projected to report a net profit of SAR 2.42 billion in Q4, a 13 percent YoY increase.

Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.

Q4 Net Profit Forecasts (SAR mln)

Company

Q4 2017E

YoY Change

Average estimates

Banks

Al Rajhi

2343.8

+15%

Average estimates

Alinma

554.7

+42%

Average estimates

Albilad

261.0

+18%

Average estimates

Telecom

STC

2423.2

+13%

Average estimates

Mobily

(151.3)

--

Average estimates

Zain

10.2

--

Average estimates

Retail

Jarir

234.3

+9%

Average estimates

*Fawaz Alhokair

35.7

(12%)

Average estimates

SACO

44.8

+8%

Average estimates

Petrochemicals

SABIC

5937.4

+23%

Average estimates

Yansab

622.1

+3%

Average estimates

Safco

167.5

(42%)

Average estimates

Sipchem

156.7

--

Average estimates

Advanced

192.4

(8%)

Average estimates

Tasnee

195.7

+59%

Average estimates

Kayan

(146.7)

--

Average estimates

Sahara

164.7

+3%

Average estimates

Petrochem

195.7

--

Average estimates

Basic Materials

MAADEN

321.2

--

Average estimates

Yamama Cement

25.9

(40%)

Average estimates

Saudi Cement

111.1

(41%)

Average estimates

Southern Cement

65.9

(58%)

Average estimates

Qassim Cement

56.3

(37%)

Average estimates

Arabian Cement

40.7

+69%

Average estimates

Yanbu Cement

42.2

(58%)

Average estimates

City Cement

27.6

(39%)

Average estimates

Eastern Cement

30.6

(44%)

Average estimates

Healthcare

Al Hammadi

29.2

+172%

Average estimates

Mouwasat

90.5

+25%

Average estimates

Care

28.6

--

Average estimates

Dallah

76.2

+46%

Average estimates

Saudi German

70.5

(20%)

Average estimates

Services

Al Tayyar

116.5

(20%)

Average estimates

Al Hokair Group

10.2

(50%)

Average estimates

Food

Almarai

476.9

(2%)

Average estimates

Halwani Bros

19.6

--

Average estimates

Al Jouf Agricultural

13.4

(61%)

Average estimates

Others

Budget

39.3

+12%

Average estimates

Catering

116.6

+11%

Average estimates

Al Khaleej

19.7

+2%

Average estimates

Al Othaim

113.2

+20%

Average estimates

*Fiscal year ends March 2018                                                                                 

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