Qassim Cement anticipates increase in costs of SAR47 million on change in subsidies and tariffs
Qassim Cement Company [3040.SE] expects an increase in costs of SAR43 million due to higher utility and fuel prices, based on current production capacity and planned production levels for the year, following the government announcement made on 28 December 2015. The cost increase will be reflected from 2016. (Tadawul) Qassim Cement: SAR63.72 as of 11 January 2016, Rating: Neutral, FV: SAR82.00 per share, MCap: USD1,529 million, QACCO AB / 3040.SE
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