Saudi Ceramics anticipates 4% cost hike on tariff and subsidy changes
Saudi Ceramics Company [2040.SE] expects a 4% increase in the company’s expenses due to higher energy and water costs, following the government announcement on changes to tariffs and subsidies. The cost increase will be reflected starting 2016. (Tadawul) Saudi Ceramics: SAR40.06 as of 7 January 2016, Rating: Buy, FV: SAR86.00 per share, MCap: USD534 million, SCERCO AB / 2040.SE
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