Sunday 06, April 2014 by

NCB Capital previews Q1 net income and EPS estimates for Saudi companies

NCB Capital repors that for the stocks it covers in the Saudi market (representing around 89 per cent of total TASI net income in 2013), the firm expects Q1 2014E net income to record a YoY increase of 13.7 per cent to reach SAR 23.7 billion. NCB Capital expects SABIC’s net income to grow by 9.4 per cent YoY and 16.7 per cent QoQ to SAR 7.2 billion, equivalent to 30 per cent of the total expected net income of the Saudi market.

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