Al Rajhi Capital releases Q1 2019 estimates; SABIC to fall 42%
08/04/2019 Argaam Special
Al Rajhi Capital on Monday released its first-quarter 2019 earnings estimates for Saudi-listed firms under its coverage.
Saudi Basic Industries Corp. (SABIC) is likely to see net profits drop by 41.7 percent year-on-year (YoY) to SAR 3.2 billion in Q1 2019, while Yansab is forecasted to report SAR 500 million in earnings, a 20.8 percent decline YoY.
Yamama Cement is expected to report a net income of SAR 9 million, down 63 percent.
In the telecom sector, STC's profit is expected to rise by 2.7 percent YoY to SAR 2.7 billion.
Fast food restaurant chain Herfy will see net income jump by 6.9 percent to SAR 51 million.
Retailer eXtra’s net profit is also expected to increase by 37.4 percent to SAR 30 million.