Earnings Report /
Saudi Arabia

Yanbu Cement Co: Q2 22 – Higher prices and lower costs

  • Total sales quantities during Q2 22 stood at 1.78mn tons (+4.2% yoy, +4.7% qoq)

  • Local cement sales stood at 0.95mn tons (-11.8% yoy, -26.9% qoq) underperforming the local industry

  • Gross margins expanded by 483bps to 26.7% in Q2 22 and came higher than 21.9% in Q2 21 and our estimates of 12.4%

Talha Nazr
SNB Capital
27 July 2022
Published bySNB Capital


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.