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Albilad Capital: Al Othaim seen posting stronger profit in 2014

January 22, 2014

Albilad Capital has issued a report on Abdullah Al Othaim , stating that the company's financial results for the fourth quarter and FY13 showed positive growth rates compared to 2012 and improved profit also when compared to the previous quarter. Moreover, the company realized higher than expected profits and sustainable profit margins. Therefore, the report issuer expected Al Othaim to achieve positive growth rates during 2014. Albilad maintained the stock's fair value at SAR 148.28 per share, with a 'Neutral' recommendation.; All Rights Reserved - Mubasher Info

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Source: Mubasher (Saudi Arabic)

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