Mubasher TV
Contact Us Advertising   العربية

Alistithmar Capital recommends 'Neutral' on Almarai

Alistithmar Capital recommends 'Neutral' on Almarai
Almarai
ALMARAI
2280
3.62% 57.20 2.00

Riyadh-Mubasher: Almarai's earnings for the first quarter of 2015 were 0.81% higher than forecasts of SAR 309 million, said Alistithmar Capital in a report.

The research firm placed a 'Neutral' recommendation on the stock, with a price target of SAR 80.

The dairy producer posted SAR 306.5 million in net profits for the first quarter of 2015, rising 12.02% compared with SAR 273.6 million a year earlier.

However, the earnings were 28.39% lower compared with SAR 428 million in the previous quarter.