Al Othaim’s Q2 net profit in line with forecast, says Albilad Capital

27/07/2015 Argaam

Abdullah Al Othaim Markets Co.’s (Al Othaim) second-quarter net profit (SAR 55.7 million) was in line with Albilad Capital’s estimate, the brokerage firm said in a report.

 

Earnings growth during the quarter was said to be supported by strong demand during Ramadan, in addition to higher investment income and non-operating income.

The investment arm of Bank Albilad maintained a "neutral" rating on the stock and set its target price at SAR 110.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read