End of Day Alert: Saudi Basic Industries (2010:SAR88.0) in top 4% performers of All Share Index (TASI) in past month, reports 19.6% sequential rise in Quarterly Revenue 01 June 2020


Saudi Basic Industries Corp. (TASI:2010), Saudi Arabia's largest Petrochemical industries company by market cap, has climbed SAR19.0 (or 27.5%) in the past month to close at SAR88.0 on Monday. This makes Saudi Basic Industries stock the eighth highest performer in the All Share Index (TASI) of 177 stocks which was up 2.5% in the past month. This also indicates a relative price increase of 25.1%. The volume was 1.1 times average trading per month of 48.1 million shares. There were SAR51,451,263.0 shares worth SAR4 billion (US$1.1 billion) traded in the past month.


Saudi Basic Industries (TASI:2010), announced total revenue of SAR5.3b ($US1.4b) for the quarter-ended 31 March 2020 [Q1/2020], up 19.6% from the previous quarter [Q4/2019] and down 85.9% from the year-earlier period [Q1/2019].

Quarter-ended31 Mar [Q1/2020]31 Dec [Q4/2019]30 Sep [Q3/2019]
Revenue, SAR billion5.34.48.2
Revenue, $US billion1.41.22.2
Sequential growth in Revenue %19.6-46.2-16.6
Net Profit, SAR million-949-725834
Net Profit, $US million-253-193222
Compared with the previous corresponding period [PCP; Q1/2019], year-over-year [y.o.y.] Revenue was down 85.9%.

Quarter-ended31 Mar [Q1/2020]31 Mar [Q1/2019]
EPS, hallalah-2.0
PCP growth in EPS %--31.2
Revenue, SAR billion5.337.4
Revenue, $US billion1.410.0
PCP growth in Revenue %-86-10.7
Net Profit, SAR-949million3.4billion
Net Profit, $US million-253909
PCP growth in Net Profit %--38.1

Major changes compared with previous corresponding period [Q1/2020 vs Q1/2019]:

Unfavourable Changes:

Total revenue down 85.9% from SAR37.4b ($US10.0b) to SAR5.3b ($US1.4b)

To view today's Bullish and Bearish signals for Saudi Basic Industries, click here

Saudi Basic Industries Corp. (SA:2010; SAU:2010; AB:2010)

ISIN: SA0007879121

PermID: 4295887293

Source: www.BuySellSignals.com