Disappointing figures
During Q4 2015, the parent company's revenues declined by 3.74% yoy, mainly driven by the drop of the local sales (-5.52%). On a yearly basis, revenues are at the same level as those of 2014. This level has been sustained by a prosperous first quarter (+28.4%), despite a continuous decrease during the next three quarters.
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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