Data reported in press reports showed that the revenues and profits of companies listed on the Saudi stock market during the third quarter 2017 grew to 32.96 billion riyals, compared to 27.73 billion riyals during the same period of the previous year, registering a growth of about 19% equivalent to 5.23 billion riyals.
Third quarter 2017 revives companies
From the figures, it is clear that the private companies sector is awaiting a developmental boom at the level of profits reflected in the third quarter of 2017, which is the highest profits recorded by listed companies since the third quarter of 2014 during the same period in previous years, as the third quarter of 2016 profits amounted to 27.73 billion riyals, third quarter of 2015 profits amounted to 28.16 billion riyals, and third quarter of 2014 profits amounted to 33.21 billion riyals.The third quarter of 2017 is the highest profit recorded by listed companies since the third quarter of 2014 during the same period in previous years.
Improved corporate performance in 9 months
Company consolidated profits for the first nine months of 2017 amounted to 89.42 billion riyals compared to 78.86 billion riyals during the same period of the previous year 2016, registering a growth of about 13%, equivalent to 10.56 billion riyals.
The first nine-month revenues are also the highest profits from 2014 in the same period, outperforming the same period in 2016 as shown above, while the profits for the same period in 2015 amounted to 81.87 billion riyals, and the profits for the same period in 2014 amounted to 94.09 billion riyals.
For the first nine months, the first nine-month revenues are the highest profits from 2014 in the same period.
76% of profits for the petrochemical sector
According to the analysis, the market's consolidated profits in Q3 2017 grew by 76%.
Petrochemical profits grew by 40.3 percent, equivalent to SAR 2.54 billion, accounting for 49 percent of the market's consolidated profit growth of SAR 5.23 billion, as the sector's profits in Q3 2017 amounted to SAR 8.84 billion compared to SAR 6.30 billion in the same period of the previous year 2016.
Banks“ profits in Q3 2017 amounted to SAR 8.84 billion compared to SAR 6.30 billion in the same period of the previous year 2016.
Banks” profits grow by 14.31%
TP3T
7 sectors on the path of growth
In terms of market sectors, seven sectors recorded growth in their profits out of 15 sectors, while six sectors declined, and two sectors recorded an improvement, posting profits in Q3 2017 versus losses in Q3 2016.In terms of the most growing sectors, the “Industrial Investment” sector topped the list, with its profits growing by 144% from SR 67.6 million to SR 165 million in Q3 2017.
The “Agriculture and Food Industries” sector: Recorded a growth rate of 50.5% from 1.18 billion riyals in Q3 2016 to 1.77 billion riyals in Q3 2017.
“Petrochemical” sector: With a growth rate of 40.3 percent.
“Telecommunications” sector: With a growth rate of 34.4%, Q3 2017 profits amounted to 2.42 billion riyals.
“Banks and Financial Services” sector: Recorded a growth of 14.3%.
Retail sector: With a growth of 8.9%, the sector's profits in the third quarter of 2017 amounted to 770.5 million riyals compared to 707.4 million riyals in the same period of 2016.
“Energy” sector: Its profits increased by 6.9 percent to reach Q3 2017 profits of 5.30 billion riyals compared to 4.96 billion riyals in the same period of the previous year.
The sector's profits in the third quarter 2017 amounted to about 5.30 billion riyals compared to 4.96 billion riyals in the same period of the previous year.
Cement, building and construction sectors The most declining sectors in terms of profits were led by the “Cement” sector, which achieved a decline of 64.7 percent to reach SAR 300 million in the third quarter compared to SAR 848.8 million in the third quarter of 2016. Then the “Transportation” sector, which achieved a decline of 64.7 percent to reach SAR 300 million in the third quarter compared to SAR 848.8 million in the third quarter of 2016.
Then the “Transportation” sector with a decline of 47.3%, the “Construction and Building” sector with a decline of 45.8%, the “Hotels and Tourism” sector with 19.6%, and lastly the “Insurance” sector with a decline of 15.4%. Followed by the "Cement" sector with a decline of 64.7%.
