Arabian Cement Co. (Saudi) 1Q2016: Flattish recurring earnings Y-o-Y, beat estimate on lower cost
Reported net income – SAR226 million, +16% Y-o-Y, +47% Q-o-Q, +86% versus EFGe Gross profit – SAR222 million, -5% Y-o-Y, +16% Q-o-Q, +56% versus EFGe Net operating profit – SAR206 million, -4%Y-o-Y, +19% Q-o-Q, +59% versus EFGe
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