Arabian Cement anticipates SAR40 million increase in costs on subsidy and tariff changes
Arabian Cement Company (3010.SE) expects costs to rise by cSAR40 million in 2016 (c6% of 2014 net income), due to the direct impact of subsidy and tariff changes announced by the Saudi government on 28 December 2015. (Tadawul) Arabian Cement Co. (Saudi): SAR47.51 as of 3 January 2016, Rating: Buy, FV: SAR65.00 per share, MCap: USD1,267 million, ARCCO AB / 3010.SE
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