Saudi Fransi Capital maintains ‘hold’ rating on City Cement

19/04/2015 Argaam
Saudi Fransi Capital said it would maintain City Cement’s hold rating after the company’s net profit for first quarter met the firm’s expectations.
 
Saudi Fransi also set a target price of SAR 23. 
 
The cement producer reported a four percent rise year-on-year in Q1-2015 net profit to SAR 68 million. 

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