SNB Capital issues Q2 2024 earnings estimates

07/07/2024 Argaam
*Americana profit in US dollar


SNB Capital issued Q2 2024 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC). 

 

Below is the list of SNB Capital’s second-quarter estimates for banks and firms under its coverage:

  

SNB Capital's Forecasts for Q2 2024 Profit (SAR mln)

Company

Q2 2024 (Projected)

YoY Change

Petrochemicals & Energy

SABIC

837

(29%)

SIIG

54

(55%)

Yansab

107

+289%

Advanced

60.5

+0.4%

Tasnee

(4.3)

--

Sipchem

227

(27%)

SABIC AN

657

+1%

Saudi Kayan

(516)

--

Arabian Drilling

111

(21%)

Luberef

300

(34%)

ADES

191

+84%

Banks

Al Rajhi Bank

4527

+9%

Alinma Bank

1368

+12%

BSF

1209

+13%

Bank Albilad

638

+9%

Bank AlJazira

297

+14%

Riyad Bank

2213

+12%

SAB

1872

+21%

Telecommunications

stc

2868

(5%)

Mobily

649

+30%

Zain KSA

62.2

(50%)

solutions

360

+6%

Healthcare

Saudi German Health

53.3

+32%

Mouwasat

171

+14%

Al Hammadi

106

+30%

Sulaiman Al Habib

507

+4%

Dallah Healthcare

95.7

+81%

Tourism

SGS

84.4

+69%

CATRION

85.1

+34%

Seera

54.3

 (21%)

Retail

Leejam Sports

93.8

+29%

eXtra

107.0

+74%

Shaker

18.1

+14%

Jarir

154.0

(1%)

BinDawood Holding

64.7

(2%)

Al Othaim

48.9

(65%)

Nahdi

240.0

(10%)

Americana*

53.4

 (38%)

Aldawaa

93.8

+5%

Cement

Arabian Cement

47.1

+68%

Yamama Cement

93.6

(5%)

Eastern Cement

59.6

+16%

Qassim Cement

80.3

+111%

Southern Cement

38

+100%

Saudi Cement

97.7

+15%

Yanbu Cement

42.8

+21%

Riyadh Cement

87.5

+64%

Real Estate

Dar Al Arkan

157

+7%

Taiba

104

+277%

Food & Beverages

Savola

283

+114%

First Mills

45

+29%

Car Rental

Lumi

71.1

+43%

Budget Saudi

66.5

(5%)

Theeb

36.3

+21%

SAL

228

+109%

Fuel Stations

Aldrees

70.3

+0.2%

SASCO

8.55

(34%)

Others

SEC**

5418

+157%

Tadawul Group

143

+36%

Saudi Steel Pipe

53.6

(37%)

Avalon Pharma

23.1

+26%

MBC Group

72.5

+5%

*Americana profit in US dollar

**Net profit before Mudaraba gains

Comments {{getCommentCount()}}

Be the first to comment

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.