Al Rajhi Capital issues Q1 2023 profit estimates for Saudi firms
- Date: 05-Apr-2023
- Source: Argaam
- Sector:Financial Markets
- Country:Saudi Arabia
Al Rajhi Capital issues Q1 2023 profit estimates for Saudi firms
Al Rajhi Capital issued Q1 2023 earnings forecasts for the Saudi-listed companies under its coverage.
Saudi Basic Industries Corp. (SABIC) is projected to post an 83% fall year-on-year (YoY) in net earnings to SAR 1.12 billion during the three-month period.
Telecom major stc is seen to report a 10% YoY profit increase in Q1 2023.
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