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English news

03-Jan-2016

Farm Superstores anticipates SAR4.5 million cost hike on tariff and subsidy changes; limited impact

Saudi Marketing Company (Farm Superstores) [4006.SE] expects an annual increase of SAR4.5 million in the company’s expenses (c4% of 2014 net income), due to higher utilities costs announced by the government. The cost increase will be reflected starting 2016. (Tadawul)

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