United Securities issues Q2 2024 earnings estimates

United Securities issued its Q2 2024 estimates for several Saudi companies and banks under its coverage.

 

Al Rajhi Bank net profit for Q2 is expected to reach SAR 4.36 billion, a rise of 5 % year-on-year (YoY), while stc’s earnings are expected to increase 8% YoY.

 

Net Profit Estimates for Q2 2024 (SAR mln)

Company

Q2

 2024 (Projected)

Change (YoY)

Q2 2023​

Banking

Al Rajhi Bank

4369

+5%

SNB

5059

+1%

Riyad Bank

2092

+5%

Alinma Bank

1344

+10%

SAB

1749

+13%

Transport & Logistics

Lumi

34

(31%)

Budget Saudi

67

(5%)

Theeb

33

+10%

SAL

148

+36%

Cement

Saudi Cement

83

(3%)

Yamama Cement

91

(8%)

Southern Cement

40

+109%

Yanbu Cement

43

+22%

Najran Cement

12

+63%

Riyadh Cement

59

+11%

Arabian Cement

34

+22%

Eastern Cement

58

+13%

City Cement

38

+55%

IT

MIS

11

(78%)

solutions

323

(5%)

Fuel Retail

Aldrees

82

+17%

Food Retail

Americana*

66

(25%)

Herfy

10

+120%

NADEC

80

+23%

Jahez**

64

+2%

Pharmaceuticals

Jamjoom Pharma

97

+12%

SPIMACO

38

+70%

Astra Industrial

124

+8%

Telecommunications

stc

3260

+8%

Etihad Etisalat

583

+17%

Zain KSA

65

(48%)

Healthcare

Care

66

+38%

Al Hammadi

79

(3%)

Saudi German Health

35

(13%)

Other Sectors

Aldawaa

99

+11%

CATRION

78

+22%

Saudi Ground Services

75

+50%

ADES

212

+104%

Al-Arabia

87

+2%

Nahdi

209

(21%)
*In US dollar

**Forecasts for H1 2024, compared to H1 2023.

United Securities - Q2 earnings forecasts 16/07/2024

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Quotes

STC
42.30
0.15 0.36%
ETIHAD ETISALAT
52.30
0.20 0.38%
NADEC
25.90
(0.20) (0.77%)
ALRAJHI
93.80
1.10 1.19%
RIBL
26.40
0.10 0.38%
SAB
34.25
(0.20) (0.58%)
ACC
26.45
0.00 0.00%
EPCCO
33.85
1.10 3.36%
SAUDI CEMENT
41.20
0.30 0.73%
SPCC
34.05
0.40 1.19%
YC
32.15
0.85 2.72%
YCC
24.10
0.16 0.67%
SPIMACO
32.30
(0.70) (2.12%)
ALDREES
133.80
(1.60) (1.18%)
ALINMA
28.30
(0.10) (0.35%)
BUDGET SAUDI
82.10
(0.60) (0.73%)
NAJRAN CEMENT
9.25
0.07 0.76%
CITY CEMENT
18.14
0.34 1.91%
ZAIN KSA
10.48
(0.10) (0.95%)
ASTRA INDUSTRIAL
172.60
1.00 0.58%
HERFY FOODS
23.54
(0.40) (1.67%)
CATRION
126.60
0.40 0.32%
CARE
179.80
(4.80) (2.60%)
SOLUTIONS
259.40
(3.20) (1.22%)
LUMI
74.00
(0.30) (0.40%)
SNB
32.95
0.30 0.92%
SGS
50.90
(0.30) (0.59%)
ALHAMMADI
40.00
(0.40) (0.99%)
ALDAWAA
89.60
1.30 1.47%
ALARABIA
164.80
(4.80) (2.83%)
RIYADH CEMENT
32.80
2.95 9.88%
SAUDI GERMAN HEALTH
70.70
(1.30) (1.81%)
THEEB
79.10
(0.20) (0.25%)
MIS
192.00
(2.40) (1.23%)
SAL
277.80
0.40 0.14%
NAHDI
124.00
(0.20) (0.16%)
ADES
19.72
(0.02) (0.10%)
AMERICANA
2.42
(0.03) (1.22%)
JAMJOOM PHARMA
161.80
(2.60) (1.58%)


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