Yansab’s Q2 results beat estimates: Aljazira Capital

22/07/2015 Argaam

Yanbu National Petrochemical Company’s (Yansab) Q2 profit exceeded estimates set by Aljazira Capital, the brokerage firm said in a report.

 

The investment firm affirmed its “overweight” recommendation of the company’s stock with a target price of SAR 60.1 per share.

 

Aljazira Capital added that the company’s inventory sales substituted for lower production due to scheduled maintenance.

 

Yansab, which is 51 percent-owned by SABIC, reported SAR 227.4 million in net profit for Q2-2015.

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