Saudi Basic Industries Corp. (SABIC) is projected to post SAR 4.75 billion in earnings for second quarter, a 26 percent year-on-year drop, which puts the blue chip ahead of its competitors in terms of expected profit, Riyad Capital said in a report.

 

A strong majority of Saudi-listed petrochemical companies are likely to report double digital year-on-year declines in second quarter results, the brokerage firm said in its forecast for the sector.

 

National Industrialization Co. (Tasnee) should witness the steepest drop in earnings during the period (-78 percent).

 

Advanced Petrochemical is the only firm set to report a rise in Q2 profit, which is projected to increase by five percent to SAR 195 million.

 

Riyad Capital — Q2-2015 Estimates

Consensus

Estimates

Year-on-Year

Change

Q2-2015

Estimates

Company

Consensus

(17%)

163

Petrochem

Consensus

(26%)

4,755

SABIC

Consensus

(18%)

527

SAFCO

Consensus

(78%)

90

Tasnee

Consensus

(5%)

199

Saudi Industrial Investment Group

Consensus

--

13

Sahara Petrochemical

Consensus

(61%)

238

Yansab

Consensus

(49%)

125

Sipchem

Consensus

5%

195

Advanced Petrochemical

Consensus

--

35

Saudi Kayan

Consensus

(70%)

52

Petro Rabigh

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.

Popular Links

Quick Links

Join Us

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