Research Reports

GCC Corporate Earnings 'H1 2019

October 21 , 2019

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Executive Summary

  • GCC corporate earnings for the H1 2019 declined by 13.3% when compared with the same period for 2018.
  • This was despite 4.5% growth in earnings of banking sector in H1 2019.
  • Majority of sectors registered a decline in earnings, with commodities sector leading the rest with a decline of 57.8% followed by earnings for conglomerates which declined by 46.4% in H1 2019.
  • Going ahead, for the full year, we expect GCC earnings to remain subdued and decline by 1.8% as consumer and business sentiments remain weak amidst concern of economic slowdown globally and rising geopolitical tensions in the region.


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