Mobily to see 68% profit drop in Q1, says NCB Capital

06/04/2015 Argaam

NCB Capital said it expects Etihad Etisalat Telecommunication Company (Mobily) to post SAR 515 million in earnings for first quarter, a 68 percent drop year-on-year.

 

The firm issued on Monday its estimates for several Tadawul-listed companies, including Savola Group, Al Marai, and Saudi Telecom Company (STC).

 

NCB Capital Q1-2015 Estimates

(SAR mln)

Consensus

Estimates

Y-O-Y

Change

Q1-2015

Estimates

Company

Cement Sector

Consensus

+6%

186

Yamama Cement

Consensus

(48%)

81

Eastern Province

Consensus

+3%

163

Qassim Cement

Consensus

+26%

279

Southern Province

Consensus

+6%

305

Saudi Cement

Consensus

+15%

237

Yanbu Cement

Telecommunications Sector

Consensus

(4%)

2,301

STC

Consensus

(68%)

515

Mobily

Consensus

--

(270)

Zain

Other Sectors

Consensus

--

(1,269)

Saudi Electricity

Consensus

+71%

35

Al Hassan Shaker

Consensus

+27%

5

Saudi pipes

Consensus

+12%

476

Savola

Consensus

+18%

323

Al Marai

Consensus

(6%)

179

Al Hokair

Consensus

+16%

34

Extra

Consensus

+14%

53

Al Othaim

Consensus

+13%

228

Jarir

Consensus

(40%)

149

Dar Al Akran

Consensus

--

186

Taiba Holding

Consensus

+17%

44

SRECO

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