Zain KSA’s Q4 2020 profit misses estimates: Riyad Capital

23/02/2021 Argaam

Mobile Telecommunication Company Saudi Arabia’s (Zain KSA) Q4 2020 net profit of SAR 36 million came below Riyad Capital and consensus estimates’ of SAR 79 million and SAR 128 million, respectively.

 

The company reported gross profit due to government fees reversals, the brokerage noted.

 

Riyad Capital maintained “Neutral” rating on the stock, keeping the target price at SAR 12 per share.

Zain KSA - Riyad Capital

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