Aljazira Capital has issued second-quarter profit forecasts for a number of Saudi petrochemical companies under coverage.
Saudi Basic Industries Corporation’s (SABIC) net profit for Q2 2018 is expected to reach SAR 5.83 billion, surging 57 percent year-on-year (YoY).
Meanwhile, National Industrialization Co. (Tasnee) earnings are expected to rise more than fourfold.
Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.
|
Aljazira Capital’s Q2 Forecasts (SAR mln) |
||
|
Company |
Q2 2018 Estimates (SAR mln) |
YoY Variation |
|
Petrochemicals Sector |
||
|
SABIC |
5,825.3 |
+57% |
|
Yansab |
785.7 |
+127% |
|
SAFCO |
231.1 |
+13% |
|
Sipchem |
187.9 |
+214% |
|
Advanced |
209.3 |
+8% |
|
Tasnee |
395.0 |
+322% |
|
Kayan |
503.7 |
+108% |
|
Sahara |
142.2 |
+61% |
|
Petrochem |
347.4 |
+163% |
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