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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Market Indices

TASI
11,096.65
(206.11) (1.82 %)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0018.5018.7519.0019.2519.5019.75
Close : 19.10 | Apr 9, 15:14
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Quotes

TASNEE
8.76
(0.11) (1.24%)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0018.5018.7519.0019.2519.5019.75
Close : 19.10 | Apr 9, 15:14
More
SABIC
60.10
(0.50) (0.83%)
SABIC AGRI-NUTRIENTS
100.80
(0.60) (0.59%)
Sahara Petrochemicals
17.46
0.20 1.16%
YANSAB
31.90
0.30 0.95%
SIPCHEM
18.92
(0.38) (1.97%)
SAUDI KAYAN
5.79
(0.05) (0.86%)
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
28.90
0.30 1.05%


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