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

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Quotes

STC
40.25
0.15 0.37%
ETIHAD ETISALAT
52.00
(0.30) (0.57%)
NADEC
25.80
0.25 0.98%
ALRAJHI
90.30
0.40 0.44%
RIBL
27.90
(0.50) (1.76%)
SAB
32.20
0.30 0.94%
ACC
26.50
(0.10) (0.38%)
EPCCO
34.70
0.05 0.14%
SAUDI CEMENT
42.40
0.10 0.24%
SPCC
33.60
(0.05) (0.15%)
YC
33.15
(0.85) (2.50%)
YCC
23.54
(0.22) (0.93%)
SPIMACO
31.70
0.25 0.79%
ALDREES
125.00
(0.60) (0.48%)
ALINMA
28.20
0.20 0.71%
BUDGET SAUDI
75.00
0.00 0.00%
NAJRAN CEMENT
9.03
(0.04) (0.44%)
CITY CEMENT
18.40
(0.06) (0.33%)
ZAIN KSA
10.20
(0.02) (0.20%)
ASTRA INDUSTRIAL
187.00
2.60 1.41%
HERFY FOODS
24.24
0.14 0.58%
CATRION
119.60
(1.60) (1.32%)
CARE
167.60
2.40 1.45%
SOLUTIONS
274.60
(1.00) (0.36%)
LUMI
71.50
(1.20) (1.65%)
SNB
32.75
(0.25) (0.76%)
SGS
50.00
(0.50) (0.99%)
ALHAMMADI
38.40
(0.60) (1.54%)
ALDAWAA
78.20
0.10 0.13%
ALARABIA
160.60
4.20 2.69%
RIYADH CEMENT
33.25
(0.20) (0.60%)
SAUDI GERMAN HEALTH
70.10
(0.50) (0.71%)
THEEB
74.50
(0.20) (0.27%)
MIS
161.20
(1.40) (0.86%)
SAL
253.40
(1.00) (0.39%)
NAHDI
116.00
(1.40) (1.19%)
ADES
17.28
(0.14) (0.80%)
AMERICANA
2.29
(0.05) (2.14%)
JAMJOOM PHARMA
157.00
0.80 0.51%


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request