Agthia expects subsidy changes to have impact of AED15-20mn for 2016
Agthia (AGTH.AD) announced in a statement, which followed an unusual drop in the company's share price, that it is still too early to predict the exact impact of subsidy changes on the company's profits. However, the company expects any potential changes in flour and animal feed subsidies to have a negative impact of AED15-20mn on net income versus earlier guidance for 2016. (Company disclosure) Agthia Group (AD): AED6.50 as of 3 August 2016, Rating: Buy, FV: AED9.45 per share, MCap: USD1,063 million, AGTHIA UH / AGTH.AD
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