Nadec 2Q16 earnings up 6% Y-o-Y as gross margin gains offset weak top-line
Net income: SAR37.1mn, +6% Y-o-Y, +47% Q-o-Q, +5% vs. EFGe Revenue: SAR669.8mn, -2% Y-o-Y, +25% Q-o-Q, -4% vs. EFGe Operating profit: SAR56.5mn, +13% Y-o-Y, +42% Q-o-Q, +9% vs. EFGe National Agriculture Development Co. (
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