Riyadh-Mubasher: Saudi Fransi Capital said Q4-15 net earnings of Qassim Cement exceeded its estimates.
The research firm placed a 'Hold' recommendation on the stock, setting the price target at SAR 62.
The cement producer recorded net earnings of SAR 141 million in Q4-15, a rise of 4.6% from SAR 134 million in the year-ago period.
The company attributed the profit growth to higher sales volume and value, as well as low general and administrative expenses.
