Eastern Cement anticipates increase in costs of SAR43 million on change in subsidies and tariffs
Eastern Province Cement Company [3080.SE] expects an increase in operating costs of SAR43 million due to higher energy prices, following the government announcement on changes to tariffs and subsidies. The cost increase will be reflected starting 2016. (Tadawul) Eastern Cement: SAR28.84 as of 07 January 2016, Rating: Buy, FV: SAR47.00 per share, MCap: USD661 million, EACCO AB / 3080.SE
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