Earnings Report /
Saudi Arabia

Eastern Cement: Highest average selling prices on record

  • Total selling quantities decreased by 29.3% yoy (-14.2% qoq).

  • Revenue decreased by 7.7% yoy (+21.7% qoq) to SAR196mn.

  • Gross margins contracted by 528bps yoy to 32.7% in Q2 22, but came higher than our estimate of 30.3%.

Talha Nazr
SNB Capital
11 August 2022
Published bySNB Capital


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