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2010.O
2010.O
Mohammed Al-Omran, President of Gulf Centre for Financial Consultancy, said SABIC is likely to report net earnings ranging between SAR 6.5 billion and SAR 6.7 billion for third quarter of 2014.
Ali Al-Zahrani, CEO of Money and Business Training Center, expected the giant petrochemical producer to post a 9.9% increase in Q3 net income, which is considered a relatively acceptable growth level when taking into account the profit decline of Kayan, SAFCO and Yansab.
Al-Zahrani forecasted the earnings per share to fall by 0.5%.
SABIC would report SAR 6.6 billion earnings for Q3 and SAR 19.5 billion in nine months, he said, expecting the petrochemical producer to generate SAR 25.800 billion in 2014.
Economist Muqbel Alsolami said SABIC’s net profit is seen reaching SAR 6.52 billion in Q3 and SAR 19.4 billion in the nine-month period.
Sources earlier told Mubasher that the company would release its financial results on Sunday, Oct. 26.
Ali Al-Zahrani, CEO of Money and Business Training Center, expected the giant petrochemical producer to post a 9.9% increase in Q3 net income, which is considered a relatively acceptable growth level when taking into account the profit decline of Kayan, SAFCO and Yansab.
Al-Zahrani forecasted the earnings per share to fall by 0.5%.
SABIC would report SAR 6.6 billion earnings for Q3 and SAR 19.5 billion in nine months, he said, expecting the petrochemical producer to generate SAR 25.800 billion in 2014.
Economist Muqbel Alsolami said SABIC’s net profit is seen reaching SAR 6.52 billion in Q3 and SAR 19.4 billion in the nine-month period.
Sources earlier told Mubasher that the company would release its financial results on Sunday, Oct. 26.
Source:
Mubasher Exclusive
