Aljazira Cap issues Q2 forecasts for petchem firms; SABIC to jump 57%

04/07/2018 Argaam

 

Aljazira Capital has issued second-quarter profit forecasts for a number of Saudi petrochemical companies under coverage.


Saudi Basic Industries Corporation’s (SABIC) net profit for Q2 2018 is expected to reach SAR 5.83 billion, surging 57 percent year-on-year (YoY).

 

Meanwhile, National Industrialization Co. (Tasnee) earnings are expected to rise more than fourfold.

Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.

 

Aljazira Capital’s Q2 Forecasts  (SAR mln)

Company

Q2 2018 Estimates (SAR mln)

YoY Variation

Petrochemicals Sector

SABIC

5,825.3

+57%

Yansab

785.7

+127%

SAFCO

231.1

+13%

Sipchem

187.9

+214%

Advanced

209.3

+8%

Tasnee

395.0

+322%

Kayan

503.7

+108%

Sahara

142.2

+61%

Petrochem

347.4

+163%

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