Jouf Cement anticipates SAR35 million increase in costs on subsidy and tariff changes
Al Jouf Cement Company (3091.SE) expects costs to rise by SAR35 million in 2016, based on planned production levels for the year, due to the direct impact of subsidy and tariff changes announced by the Saudi government on 28 December 2015. The cost increase will be reflected starting 2016. (Tadawul) Al Jouf Cement: SAR9.73 as of 07 January 2016, Rating: Neutral, FV: SAR12.15 per share, MCap: USD337 million, JOUF AB / 3091.SE
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