Earnings Report /
Saudi Arabia

Qassim Cement Co.: Higher prices mitigated by non-opex

  • Total selling quantities (composed entirely of local cement sales) in Q2 22 stood at 0.91mn tons

  • Revenue declined by 23.1% yoy (+6.8% qoq) to SAR152mn, but came higher than our estimates of SAR130mn.

  • Gross margins contracted significantly to 30.0% in Q2 22 vs 50.6% in Q2 21

Talha Nazr
SNB Capital
16 August 2022
Published bySNB Capital


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