United Securities previews Q2 2023 earnings for Saudi firms

06/07/2023 Argaam
Tadawul trading screen

Tadawul trading screen

Oman-based United Securities LLC issued Q2 2023 forecasts for some Tadawul-listed companies under coverage, topped by Saudi Cement Co. and Arabian Internet and Communications Services Co. (solutions).

 

Saudi Cement’s second-quarter profit is expected to rise 7% year-on-year to SAR 110 million. The net earnings of solutions are projected to jump 12% YoY to nearly SAR 306 million.

 

Q2 2023 forecasts for some companies

Company

Q2 2023 Forecasts

YoY Change

Cement Sector

Saudi Cement

110

+7%

Yamama Cement

69

(24%)

Southern Cement

38

(37%)

Yanbu Cement

34

(29%)

Najran Cement

14

+6%

Software & Services

solutions

306

+12%

MIS

52

+209%
United Securities - Q2 2023 earnings forecasts for some Saudi firms 06/07/2023

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