Earnings Report /
Saudi Arabia

Yanbu Cement Co: Local prices decline to lowest levels since Q3 18

  • Revenues decreased 13.6% yoy to SAR208mn (-14.4% qoq), in-line with our estimates

  • Total sales quantity increased 7.1% yoy to 1.38mn tons in Q3 21, and was lower than our estimates of 1.52mn tons

  • Gross margins came in at 24.3%, lower than 37.3% in Q3 20 and compared to our estimates of 18.1%

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
24 October 2021
Published by