Earnings Report /
Saudi Arabia

Yamama Cement: Q2 21 review – Strong results on one-off sale

  • Yamama Cement reported a strong set of Q2 21 results, with net income increasing 52.8% yoy (+41.6% qoq) to SAR77.7mn

  • Total selling quantities increased 6.4% yoy to 0.90mn tons in Q2 21, in-line with our estimates

  • Sales increased 21.2% yoy (+12.4% qoq) to SAR203mn, coming higher than our estimates SAR160mn.

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Vice President, Senior Equity Research Analyst

SNB Capital
5 August 2021
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