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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