The aggregate net profit of Tadawul-listed petrochemical firms reached SAR 4.535 billion in the fourth quarter of 2018, missing estimates by 42 percent, data compiled by Argaam showed.
All companies reported net profit below projections, led by SABIC with a 39 percent miss, while Yansab earnings came 50 percent below estimates.
Chemanol and SIIG missed estimates by 91 percent and 90 percent, respectively.
Meanwhile, Kayan and Sahara posted net loss of SAR 111 million and SAR 29 million, compared to expectations of SAR 336 million and SAR 102 million in net profit, respectively.
SAFCO and Petrochem’s net profit came in-line with the analysts’ projections.