Strong fundamentals confirmed again
H1 sales increased up 11.7%, yoy, to SAR4.2Bn vs.SAR 3.7Bn in H1 2014. Q2 2015 revenues were worth SAR2.2Bn, up by 6.1%, yoy. The Q2 net profit amounted to SAR310.7M, witnessing 2.3% and 47.4% yoy and qoq growth, respectively. For the six first months, the net profit grew by 5.3% to SAR521.5M.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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