SPIMACO 1Q2016 recurring earnings drop 9% Y-o-Y on below-EBIT items, in line
Net income – SAR107 million, +7% Y-o-Y, N/M Q-o-Q, +15% versus EFGe Recurring income – SAR91 million, -9% Y-o-Y, -5% Q-o-Q, -3% versus EFGe Gross profit – SAR252 million, +12% Y-o-Y, -4% Q-o-Q, -1% versus EFGe Net opera
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