Tasnee misses Q1 forecasts, ‘hold’ rating maintained: Saudi Fransi

21/04/2015 Argaam
Saudi Fransi Capital maintained a “hold” recommendation on National Industrialization Co (Tasnee), with a target price of SAR 25.
 
Tasnee reported a net loss of SAR 333 million for the first quarter, well below the investment bank’s estimate for SAR 150 million profit. 
 
The figures fell short of average 
​
​​
expectations of
​ analysts, which projected about​
 SAR 136 million in net profit. 

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