Saudi Ceramics 1Q2016 earnings fall 43% Y-o-Y on dropping sales and higher financing and Zakat cots, beat estimate
Net income – SAR48 million, -43% Y-o-Y, -14% Q-o-Q, +22% versus EFGe Gross profit – SAR121 million, -24% Y-o-Y, -11% Q-o-Q, +13% versus EFGe Net operating profit – SAR55 million, -33% Y-o-Y, -16% Q-o-Q, +32% versus EFGe Saudi
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