Fawaz Al Hokair 1Q16/17: Solid Y-o-Y and Q-o-Q operational improvement on strong revenue pick-up, opex controls; above estimate
Net income: SAR213mn, +1% Y-o-Y, vs. SAR3.2mn last quarter, +25% vs. EFGe Revenue: SAR2.19bn, +17% Y-o-Y, +40% Q-o-Q, +12% vs. EFGe Operating profit: SAR308mn, +16% Y-o-Y, vs. operating loss of SAR6.5mn last quarter, +53% vs.
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