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

Vice President, Senior Equity Research Analyst

SNB Capital
26 July 2021
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