Saudi Fransi Capital maintains 'buy' rating on eXtra

21/04/2015 Argaam

Saudi Fransi Capital has upheld its "buy" rating on Extra ​,​ despite the company's first-quarter net profit falling below expectations.

 

 

The brokerage firm added that it has kept its target price for the home appliance retailer at SAR 110.

 

The company posted a net profit of SAR 16.1 million during the quarter, marking a 45 percent year-on-year decrease.

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