News Column

Alhokair Q3 figures broadly meet expectations – Al-Rajhi Capital

January 19, 2014

In its report on Alhokair, Al-Rajhi Capital has stated that Q3-14 net profit grew 20.7% y/y to SAR 133.3 million compared to its SAR140.3 million estimate (consensus estimate SAR 134.8 million). The company's top line grew 10.6% y/y to SAR 1.3 billion , in line with its estimate, supported by higher same store sales and new store openings. The retailer's financial year runs from April 1 to March 31 . Al-Rajhi Capital remains 'Overweight' on Alhokair, with a target price of SAR 160.1 per share.; All Rights Reserved - Mubasher Info

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Mubasher (Saudi Arabic)

Story Tools