Earnings Report /
Saudi Arabia

Yamama Cement: Strong results on higher prices and other income

  • Total selling quantities increased +55.9% yoy to 1.32mn tons in Q2 22, in-line with our estimates of 1.33mn tons

  • Revenue increased 3.3% yoy (-5.5% qoq) to SAR209mn and came higher than our estimates of SAR179mn

  • Gross margins expanded by 78bps yoy to 48.1% in Q2 22, vs our estimates of 29.6%

Talha Nazr
SNB Capital
26 July 2022
Published bySNB Capital


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