Riyadh-Mubasher: Yanbu National Petrochemical Co.’s (Yansab) earnings for the fourth quarter of 2015 exceeded its forecast of SAR 162 million.
The research firm placed a ‘Buy’ recommendation on the stock, setting the price target at SAR 35.
Yansab reported net earnings of SAR 393 million for Q4-15, falling 36.4% compared with SAR 618 million in the year-ago period.
