Earnings Report /
Saudi Arabia

Yanbu Cement Co: Q2 21: Weak results on lower margins

  • Yanbu Cement reported a weaker than expected set of Q2 21 earnings with a net income of SAR42mn (+12.0% yoy)

  • Revenues increased 54.6% yoy to SAR243mn, lower than our estimates SAR254mn.

  • Total sales quantity of Yanbu Cement increased 131% yoy to 1.71mn tons in Q2 21, lower than our estimates of 1.73mn.

Iyad Khalid Ghulam
Iyad Khalid Ghulam

Head of Equity Research

SNB Capital
26 July 2021
Published bySNB Capital


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