Saudi Cement to post 5% profit drop in Q2: Saudi Fransi Capital

02/07/2015 ِArgaam

Saudi Cement Company, the kingdom’s largest cement producer, is likely to report a five percent profit drop in upcoming second quarter results to SAR 275 million, Saudi Fransi Capital said in its latest report.

 

The firm issued forecasts for a number of Tadawul-listed cement companies, including Southern Province Cement and Yamama.

 

Fransi Capital Estimates – Q2-2015 (SAR mln)

YoY change

Q2-2015 estimations

Company

(-5%)

275

Saudi Cement

(-2%)

287

Southern Cement

+3%

227

Yanbu Cement

+6%

170

Qassim Cement

(-9%)

188

Yamama Cement

+7%

88

Eastern Cement

(-4%)

191

Arabian Cement

+25%

76

City Cement

(-29%)

31

Tabuk Cement

+4%

65

Northern Cement

(-24%)

35

Hail Cement

+11%

93

Najran Cement

+90%

30

Al Jouf Cement

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