Saudi Cable is winning back the lost ground
Following satisfying 9M achievements, after three tough years (sales growth of -16%, -8.93% and -29.9% in 2012, 2013 and 2014, respectively). Saudi Cable continues its upward trend as it recorded a sales increase of 11.14% at Q4 2015, contributing to an improvement of 11.75% of the annual revenues, yoy, at SAR1918.059M. For the first time after three years of losses, the net income is positive at SAR1.687M.
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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