eXtra’s Q4 results exceed estimates, says NCB Cap

11/04/2019 Argaam

 

United Electronics Co. (eXtra) has reported strong set of results in Q4 2018, generating a net profit of SAR 34 million, beating NCB Capital’s estimates and consensus forecasts of SAR 29 million and SAR 30 million, NCB Capital said in a report.

 

This profit rise was driven by higher-than-expected sales, boosted by its branch network.

 

eXtra’s expansion plans will likely boost revenue in 2019; it is forecast to report higher profit margins, backed by operating cost efficiency, NCB Cap said.

 

eXtra was rated at “Neutral” by NCB Capital, with a target price of SAR 59.7.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.