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Albilad Capital expects Ma'aden 2014 profit to improve

January 23, 2014

Albilad Capital has stated in a report that Ma'aden's financial results showed quarterly losses and decline in earnings for FY13. The report issuer sees marginal improvement in profitability for 2014, as DAP prices improve and the company starts commercial production of aluminum. Therefore, Albilad assigned the stock a 'Neutral' recommendation, with a fair value of SAR 29.50 .; All Rights Reserved - Mubasher Info

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Source: Mubasher (Saudi Arabic)

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