‎GIB Capital previews Q1 2024 earnings

GIB Capital issued Q1 2024 earnings forecasts for Tadawul-listed firms under coverage.  

The following table shows GIB Capital’s first-quarter estimates for the companies under its coverage:

Q1 2024 Profit Forecasts

Company

Q1 2024

YoY Change 

Petrochemicals

Advanced

(5)

—

Alujain

7

—

Sipchem

186

(60%)

Saudi Kayan

(574)

—

Energy

Arabian Drilling

163

+15 %

ADES Holding

203

+132 %

Materials

Luberef

261

(41%)

AMAK

9

(73%)

Utilities

MARAFIQ

92

(14%)

Banks

SNB

5328

+6 %

Retail

Jarir

248

+0.2 %

SASCO

15

+7 %

Food Manufacturing

Tanmiah

30

+43 %

First Mills

64

(13%)

Modern Mills

52

(19%)

Transport

Theeb

33

(22%)

Budget Saudi

72

+4 %

Lumi

44

(13%)

SAL

209

+100 %

Other Sectors

Tadawul Group

167

+84 %

Americana

36

(38%)

Alamar

9

(37%)

Leejam

72

+ 15 %

Riyadh Cables

148

+ 18 %

Obeikan Glass

2

(93%)

Elm

384

+ 19 %

Al Akaria

111

—

Retal

47

+13 %

Al-Mawarid

26

+17 %

Al Arabia

93

+2 %

Astra

156

+17%

Jamjoom Pharma

102

+21%

Avalon Pharma

2

—

*Results for the second half ended December 2023

**Results for the first half ended December 2023

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