Budget Saudi anticipates increase in costs of cSAR1 million on change in subsidies and tariffs
Budget Saudi - United International Transportation Company [4260.SE] expects an increase in costs of cSAR1 million due to higher utility and fuel prices, following the government announcement made on 28 December 2015. The cost increase is only 0.5% of our 2016e earnings of SAR213 million. (Tadawul) Budget Saudi: SAR30.87 as of 14 January 2016, Rating: Buy, FV: SAR67.00 per share, MCap: USD418 million, BUDGET AB / 4260.SE
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