Earnings Report /
Saudi Arabia

Southern Province Cement Company: Selling prices more resilient than its peers

  • Total selling quantities in Q2 22 stood at 1.24mn tons (-13.2% yoy, -29.7% qoq) in-line with our estimate of 1.23mn tons

  • Revenue declined by 18.6% yoy (+0.5% qoq) to SAR234mn, lower than our estimates of SAR244mn.

  • Price for Southern cement has remain more resilient as compared to its covered peers

Talha Nazr
SNB Capital
10 August 2022
Published bySNB Capital


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