Tuesday 17, January 2012 by Robin Amlôt

NCB Capital snapshot – Banque Saudi Fransi (BSF) results

NCB Capital said, “BSF reported a poor set of Q4 2011 results with a 6.8 per cent YoY decline in net income. Q4 2011 net income came in 13 per cent below the NCBC estimate and 19 per cent below consensus. Flat NSCI and higher than expected operating expenses muted the bottom-line performance.”

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