Saudi Catering’s Q2 net profit tops forecast, says Aljazira Capital

30/07/2015 Argaam

Saudi Airlines Catering Co.’s (Saudi Catering) Q2-2015 net profit (SAR 175.8 million) exceeded Aljazira Capital’s expectation by four percent, the brokerage firm said in a report.

 

The investment arm of Bank AlJazira maintained an “overweight” rating on the stock and left its price target unchanged at SAR 185.

 

The company is expected to report a SAR 685.6 million profit for 2015, which would mark a five percent increase year-on-year.

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