Saudi Catering’s Q2 net profit tops forecast, says Aljazira Capital

Saudi Airlines Catering Co.’s (Saudi Catering) Q2-2015 net profit (SAR 175.8 million) exceeded Aljazira Capital’s expectation by four percent, the brokerage firm said in a report.

The investment arm of Bank AlJazira maintained an “overweight” rating on the stock and left its price target unchanged at SAR 185.

The company is expected to report a SAR 685.6 million profit for 2015, which would mark a five percent increase year-on-year.