Saudi Cement Company, the kingdom’s largest cement producer, is likely to report a five percent profit drop in upcoming second quarter results to SAR 275 million, Saudi Fransi Capital said in its latest report.
The firm issued forecasts for a number of Tadawul-listed cement companies, including Southern Province Cement and Yamama.
|
Fransi Capital Estimates – Q2-2015 (SAR mln) |
||
|
YoY change |
Q2-2015 estimations |
Company |
|
(-5%) |
275 |
Saudi Cement |
|
(-2%) |
287 |
Southern Cement |
|
+3% |
227 |
Yanbu Cement |
|
+6% |
170 |
Qassim Cement |
|
(-9%) |
188 |
Yamama Cement |
|
+7% |
88 |
Eastern Cement |
|
(-4%) |
191 |
Arabian Cement |
|
+25% |
76 |
City Cement |
|
(-29%) |
31 |
Tabuk Cement |
|
+4% |
65 |
Northern Cement |
|
(-24%) |
35 |
Hail Cement |
|
+11% |
93 |
Najran Cement |
|
+90% |
30 |
Al Jouf Cement |
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