Research firm Ubhar Capital (U Capital) released its Q4 2018 earnings forecast for Tadawul-listed petrochemical companies on Monday.
Saudi petrochemical giant, Saudi Basic Industries Co. (SABIC), is expected to post a net profit of SAR 6.079 billion in Q4, a 64 percent year-on-year (YoY) increase, whereas Saudi Arabian Fertilizers Co. (SAFCO) is forecasted to post the highest increase ratio in net profit to reach SAR 487 million.
Advanced petrochemical Co. is seen to post a 104 percent YoY increase in net profit to SAR 211 million in the same period.
Net profit of Alujain Corp. and Saudi Industrial Investment Group (SIIG) is set to drop by 30 percent and 31 percent in Q4 2018 to SAR 41 million and SAR 280 million respectively.
|
Ubhar Capital’s Q4 Net Profit Forecasts (SAR mln) |
||
|
Company |
Q4 2018E |
Variation |
|
SABIC |
6,079 |
+64% |
|
Yansab |
709 |
(9%) |
|
SAFCO |
487 |
+679% |
|
Advanced |
211 |
+104% |
|
Sahara |
127 |
+34% |
|
SIPCHEM |
156 |
(5%) |
|
Alujain |
41 |
(31%) |
|
SIIG |
280 |
(30%) |
|
Chemanol |
27 |
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