Osool & Bakheet issues Q3 forecasts; SABIC profit to dip 16%

26/09/2016 Argaam

Osool & Bakheet Investment Group expects Saudi Basic Industries Corp.’s third quarter net profit to decline 16 percent to SAR 4.69 billion compared with the year-ago period.

 

Al Rajhi Bank’s profit is expected to rise 6 percent in that period, while Saudi Telecom Co.’s profit likely to drop 16 percent to SAR 1.948 billion.

 

Osool & Bakheet Q3 Profit Estimates (SAR mln)

Company

Q3-2016 estimates

Y-o-Y change

Saudi Catering

155.3

(6%)

Al Jouf Agriculture

40.1

(8%)

Almarai

652.3

+10%

Herfy

53.5

(6%)

Bank Aljazira

152.9

(8%)

Banque Saudi Fransi

1,009.7

(1%)

Al Rajhi Bank

1,821.7

+6%

National Commercial Bank

2,104.0

+6%

Samba

1,379.8

+1%

Riyad Bank

911.5

+1%

Najran Cement

24.0

(25%)

City Cement

47.0

(2%)

Yamama Cement

74.3

(22%)

Saudi Cement

193.4

(7%)

Yanbu Cement

121.4

(16%)

Zamil Industrial

45.3

(21%)

Electrical Industries

7.3

(23%)

SPIMACO

40.1

+37%

Maaden

123.4

+54%

MEPCO

7.0

(27%)

STC

1,948.3

(16%)

Bupa Arabia

278.7

+0.3%

Tawuniya

178.3

(18%)

SABIC

4,692.0

(16%)

Advanced Petrochemical

215.8

(8%)

SIIG

229.5

+11%

SAFCO

230.6

(59%)

Sahara Petrochemicals

127.8

+6%

Saudi Marketing

23.0

(20%)

Jarir

170.5

(22%)

Mouwasat

51.0

+19%

Dallah Healthcare

42.6

+59%

Care

33.8

+33%

Aldrees

29.6

(8%)

Bahri

538.7

+6%

SGS

204.1

+22%

Budget

48.5

(1%)

Al Tayyar

271.6

+3%

Al Hokair Group

45.6

(20%)

Dur Hospitality

38.9

(4%)

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