29/10/2017 Argaam Exclusive
AI Summary
The aggregate net profit of Tadawul-listed telecom operators—with the exception of Etihad Atheeb Telecommunication Co.—came in at SAR 2.45 billion in Q3 2017, 14 percent higher than the average analyst forecasts of SAR 2.14 billion, data compiled by Argaam showed.
Saudi Telecom Co.’s (STC) Q3 net profit of SAR 2.6 billion beat average estimates by 13 percent.
Etihad Etisalat Co. (Mobily) incurred net losses of SAR 174.5 million, compared to average expectations of SAR 185.3 million in the same period.
Mobile Telecommunications Co. (Zain Saudi) reported a third-quarter net profit of SAR 3.4 million, missing analysts’ estimates for SAR 9.52 million net profit by 64 percent.
| Company | 2017 - Q3 (net income) | 2017 - Q3 (e) | Change |
| STC | 2,569.37 | 2,324.04 | 10.6 % |
| ETIHAD ETISALAT | (174.46) | (185.27) | 5.8 % |
| ZAIN KSA | 3.41 | 9.52 | (64.2 %) |
| Total | 2398.31 | 2148.30 | 11.6 % |
| Company | 2017 - Q3 (net income) | 2017 - Q3 (e) | Most Accurate Research Company |
| STC | 2,569.37 | 2,427.20 | Value Capital |
| ETIHAD ETISALAT | (174.46) | (181.00) | Al Rajhi Capital |
| ZAIN KSA | 3.41 | (4.00) | Al Rajhi Capital |
| TASI | 10,990.41 | (62.35) | (0.56 %) |
| STC | 42.05 | (0.35) | (0.83%) |
| ETIHAD ETISALAT | 58.80 | 1.60 | 2.76% |
| ZAIN KSA | 10.84 | 0.10 | 0.93% |
| GO TELECOM | 96.50 | 1.80 | 1.89% |
| SOLUTIONS | 265.00 | (0.80) | (0.30%) |
| ARAB SEA | 5.39 | (0.02) | (0.37%) |
| MIS | 135.60 | 2.20 | 1.66% |
| ELM | 1,031.20 | (45.20) | (4.23%) |
| 2P | 11.70 | 0.06 | 0.51% |
| RASAN | 82.40 | 3.30 | 4.16% |
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