Al Rajhi Capital issues Q2 earnings estimates

10/07/2023 ِArgaam

Al Rajhi Capital issues Q2 earnings estimates


Al Rajhi Capital has issued its Q2 estimates for several Saudi companies under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) net profit for Q2 is expected to reach SAR 399 million, a drop of 95% year-on-year (YoY), while stc’s earnings are expected to rise 56% YoY.

 

Al Rajhi Capital’s Q2 Forecasts (SAR mln)

Company

Q2 Estimates (SAR mln)

Change YoY

Petrochemicals

SABIC

399

(95%)

Sipchem

330

(74%)

SABIC Agri-Nutrients

464

(85%)

Yansab

82

(72%)

Advanced

87

(21%)

Cement

Arabian Cement

40

(11%)

Yamama Cement

42

(54%)

Saudi Cement

97

(5%)

Qassim Cement

21

(28%)

Yanbu Cement

35

(27%)

Southern Cement

25

(59%)

Najran Cement

13

(2%)

Riyadh Cement**

61

(28%)

Telecommunications

stc

4413

 +56%

Mobily

476

+32%

Zain

120

(10%)

Food & Agriculture

Almarai

575

+11%

SADAFCO*

104

+92%

Savola

325

+52%

NADEC

65

+136%

Tanmiah

30

(1%)

Retail

Jarir

168

(5%)

Cenomi Retail*

17

(23%)

Al Othaim

64

+37%

BinDawood Holding

53

+25%

Healthcare

Dallah

73

+5%

Mouwasat

156

+10%

Care

47

+11%

Al Hammadi

69

+6%

Sulaiman Al Habib

422

+6%

Saudi German Health

35

+237%

Pharmaceuticals

SPIMACO

(19)

--

Jamjoom Pharma

60

--

Astra Industrial***

69

--

Other Sectors

Bawan

43

(4%)

Saudi Ceramics

16

(58%)

Leejam Sports

53

+47%

Jahez**

69

+30%

Equipment House

11

(36%)

Aldrees

74

+61%

Arabian Drilling

132

+16%

Luberef

511

--

MIS

49

+190%

solutions

321

+18%

Alkhorayef Water

35

+33%

SISCO

20

+545%

Al Arabia

84

+34%

Riyadh Cables

128

--

*Different fiscal year

**Financial statements for six months

***Excluding one-off items.

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read