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×Profit of Saudi petchem firms 2% above estimates in Q3
The aggregate net profit of Saudi petrochemical producers – which came in at SAR 9.31 billion in Q3 2018 – beat average analysts’ forecasts of SAR 9.15 billion by 2 percent, data compiled by Argaam showed.
Saudi Basic Industries Corp (SABIC) posted net profit of SAR 6.10 billion in Q3, exceeding average estimates of SAR 5.91 billion by 3 percent.
National Petrochemical Co. (Petrochem) and Sahara Petrochemical Co. the biggest earnings beat at 26 percent and 21 percent, respectively.
Company Estimates Comparisons
Company | 2018 - Q3 (a) | 2018 - Q3 (e) | Change |
SABIC | 6,097.89 | 5,912.33 | 3.1 % |
SABIC AGRI-NUTRIENTS | 522.24 | 503.05 | 3.8 % |
YANSAB | 729.02 | 693.82 | 5.1 % |
TASNEE | 259.37 | 344.60 | (24.7 %) |
SAUDI KAYAN | 471.91 | 590.78 | (20.1 %) |
Petrochem | 307.41 | 244.06 | 26.0 % |
Sahara Petrochemical | 168.51 | 138.90 | 21.3 % |
SIIG | 318.77 | 271.67 | 17.3 % |
ALUJAIN | 27.59 | 45.50 | (39.4 %) |
ADVANCED | 202.20 | 218.00 | (7.2 %) |
CHEMANOL | 22.45 | 30.00 | (25.2 %) |
Total | 9127.37 | 8992.71 | 1.5 % |
Actual Profit versus Estimates
Company | 2018 - Q3 (a) | 2018 - Q3 (e) | Most Accurate Research Company |
SABIC | 6,097.89 | 6,000.00 | OSOOL AND BAKHEET |
SABIC AGRI-NUTRIENTS | 522.24 | 539.00 | SNB Capital |
YANSAB | 729.02 | 746.90 | AlJazira Capital |
TASNEE | 259.37 | 322.00 | SNB Capital |
SAUDI KAYAN | 471.91 | 501.00 | Sico |
Petrochem | 307.41 | 270.30 | AlJazira Capital |
Sahara Petrochemical | 168.51 | 150.00 | OSOOL AND BAKHEET |
SIIG | 318.77 | 313.00 | SNB Capital |
ALUJAIN | 27.59 | 41.00 | Sico |
ADVANCED | 202.20 | 212.00 | Al Rajhi Capital |
CHEMANOL | 22.45 | 30.00 | OSOOL AND BAKHEET |
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MarketIndices
TASI | 12,372.50 | (0.61) | (0.00 %) |
Company Indices
ALUJAIN | 42.15 | (0.60) | (1.39%) |
TASNEE | 13.60 | 0.10 | 0.74% |
NAMA CHEMICALS | 30.80 | (0.40) | (1.28%) |
SABIC | 81.30 | (0.30) | (0.37%) |
SABIC AGRI-NUTRIENTS | 112.40 | (2.40) | (2.09%) |
Sahara Petrochemical | 17.46 | 0.20 | 1.16% |
SIIG | 22.84 | (0.10) | (0.43%) |
YANSAB | 38.15 | (0.45) | (1.17%) |
SIPCHEM | 33.70 | (0.20) | (0.59%) |
SAUDI KAYAN | 9.21 | 0.04 | 0.44% |
CHEMANOL | 16.38 | (0.14) | (0.85%) |
PETRO RABIGH | 7.47 | (0.04) | (0.53%) |
Petrochem | 45.60 | (0.60) | (1.30%) |
ADVANCED | 42.10 | (0.85) | (1.98%) |
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