AlJazira Capital’s forecasts for Q2 2024 earnings
AlJazira Capital released its Q2 2024 profit estimates for Tadawul-listed banks and firms under coverage.
Al Rajhi Bank’s earnings are projected to rise 6% year-on-year (YoY) to nearly SAR 4.4 billion in Q2 2024.
The below table illustrates AlJazira Capital’s Q2 2024 estimates for a number of banks and firms under coverage:
|
Q2 2024 Earnings Forecasts (SAR mln) |
|||
|
Company |
Q2 2024 (Projected) |
Change YoY |
|
|
Banking |
|||
|
Al Rajhi Bank |
4414 |
+6% |
|
|
Alinma Bank |
1336 |
+9% |
|
|
Bank Albilad |
662 |
+13% |
|
|
Telecommunications |
|||
|
stc |
3248 |
+8% |
|
|
Mobily |
653 |
+31% |
|
|
Zain |
72 |
(42%) |
|
|
Materials |
|||
|
SABIC |
670 |
(43%) |
|
|
Tasnee |
81.8 |
+160% |
|
|
Yansab |
115.0 |
+319% |
|
|
SABIC AN |
660.4 |
(1%) |
|
|
Sipchem* |
211.6 |
(32%) |
|
|
Advanced |
57.6 |
(4%) |
|
|
Kayan |
(503.6) |
-- |
|
|
Alujain** |
17.9 |
+7% |
|
|
Maaden |
851.3 |
+143% |
|
|
Yamama Cement |
108.3 |
+10% |
|
|
Saudi Cement |
79.5 |
(7%) |
|
|
Southern Cement |
46.8 |
+146% |
|
|
Qassim Cement |
74.2 |
+95% |
|
|
Arabian Cement |
41.8 |
+50% |
|
|
Yanbu Cement |
41.4 |
+17% |
|
|
City Cement |
35.3 |
+45% |
|
|
Eastern Cement |
59.8 |
+16% |
|
|
Riyadh Cement |
61 |
+14% |
|
|
Healthcare |
|||
|
Al Hammadi**** |
55.7 |
(32%) |
|
|
Mouwasat |
152.5 |
+1% |
|
|
Care |
62.8 |
+31% |
|
|
Dallah |
87.9 |
+66% |
|
|
Sulaiman Al Habib |
513.1 |
+5% |
|
|
Saudi German Health |
36.4 |
(10%) |
|
|
Fakeeh Care |
63.9 |
+19% |
|
|
Retailing |
|||
|
Jarir |
140.1 |
(10%) |
|
|
SACO |
(4.7) |
-- |
|
|
eXtra |
84.3 |
+37% |
|
|
Americana |
158.9 |
(51%) |
|
|
Consumer Services |
|||
|
Seera |
40.5 |
(41%) |
|
|
Leejam |
90.7 |
+25% |
|
|
Other Sectors |
|||
|
Almarai |
616.3 |
+11% |
|
|
Modern Mills |
56.6 |
+38% |
|
|
Budget Saudi |
71.8 |
+2% |
|
|
Theeb |
41.4 |
+38% |
|
|
Lumi |
43.1 |
(13%) |
|
|
SAL |
191.6 |
+76% |
|
|
SGS |
76.2 |
+53% |
|
|
CATRION |
71.4 |
+12% |
|
|
Al Mawarid |
25.9 |
+15% |
|
|
Al Othaim |
46.6 |
(67%) |
|
|
BinDawood Holding |
66.8 |
(4%) |
|
|
Elm |
389.8 |
+5% |
|
|
solutions |
337.2 |
(1%) |
|
|
2P |
33.6 |
+9% |
|
|
Alkhorayef Water |
55.9 |
+57% |
|
|
Arabian Cement |
89.6 |
+5% |
|
|
Arabian Drilling |
126 |
(10%) |
|
|
ADES |
190 |
+83% |
|
**Excluding non-operating profit from sale of NATPET.
***Excluding a possible reversal of provisions.