Aldrees 2Q16: Earnings drop 21% Y-o-Y, mostly on weak performance from transport division; below estimate
Net income : SAR29.0mn, -21% Y-o-Y, +3% Q-o-Q, -13% vs. EFGe Gross profit: SAR58.9mn, -9% Y-o-Y, +2% Q-o-Q, -6% vs. EFGe Operating profit: SAR32.4mn, -19% Y-o-Y, +2% Q-o-Q, -11% vs. EFGe Aldrees reported 2Q16 KPIs, with a bott
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