Sign In
×Saudi cement firms’ Q4 profit beats estimates by 32%
The aggregate net profit of Saudi cement producers, amounting to SAR 588.5 million in Q4 2017, came in 32.4 percent ahead of average estimates of SAR 444.5 million, data compiled by Argaam showed.
Eight companies topped analysts’ forecasts, led by Arabian Cement Co., which exceeded estimates by 149 percent with net profit of SAR 39 million.
Yanbu Cement Co. and Southern Province Cement Co. topped expectations by 69 percent and 64 percent, respectively.
Eastern Province Cement Co., however, reported the biggest miss of 78 percent, after posting a net profit of SAR 35 million in Q4.
Yamama Cement’s net earnings also fell shy of forecasts by 42 percent. City Cement’ net profit missed estimates by 4 percent.
Company Estimates Comparisons
Company | 2017 - Q4 (a) | 2017 - Q4 (e) | Change |
SAUDI CEMENT | 107.45 | 105.08 | 2.3 % |
YSCC | 12.45 | 29.27 | (57.5 %) |
QACCO | 67.19 | 58.18 | 15.5 % |
SPCC | 113.56 | 69.09 | 64.4 % |
YCC | 96.15 | 56.77 | 69.4 % |
ACC | 97.04 | 38.95 | 149.1 % |
EPCCO | 7.75 | 35.30 | (78.0 %) |
CITY CEMENT | 23.83 | 24.85 | (4.1 %) |
JOUF CEMENT | 8.46 | 6.70 | 26.2 % |
NORTHERN CEMENT | 15.27 | 14.40 | 6.0 % |
UACC | 35.11 | 5.90 | 495.1 % |
Total | 584.25 | 444.48 | 31.4 % |
Actual Profit versus Estimates
Company | 2017 - Q4 (a) | 2017 - Q4 (e) | Most Accurate Research Company |
SAUDI CEMENT | 107.45 | 110.00 | SNB Capital |
YSCC | 12.45 | 18.00 | SNB Capital |
QACCO | 67.19 | 71.00 | SNB Capital |
SPCC | 113.56 | 78.80 | KASB Capital |
YCC | 96.15 | 81.00 | SNB Capital |
ACC | 97.04 | 63.00 | SNB Capital |
EPCCO | 7.75 | 30.60 | AlJazira Capital |
CITY CEMENT | 23.83 | 22.10 | OSOOL AND BAKHEET |
JOUF CEMENT | 8.46 | 6.70 | OSOOL AND BAKHEET |
NORTHERN CEMENT | 15.27 | 14.40 | OSOOL AND BAKHEET |
UACC | 35.11 | 5.90 | OSOOL AND BAKHEET |
Most Read
- SABIC, BASF, Linde launch demo plant for world's 1st electric steam cracker furnace
- Budget Saudi CEO: AutoWorld acquisition marks company’s largest-ever deal, to boost market share
- AlJazira Capital expects corporate profits to grow 5% in Q1 2024, sees banking sector as top driver
- Allianz SF says Allianz SE sold entire stake to ADNIC
- CMA says qualified clients allowed to invest in Nomu
MarketIndices
TASI | 12,515.98 | 50.00 | 0.40 % |
Company Indices
ACC | 32.45 | 0.20 | 0.62% |
EPCCO | 35.10 | 0.05 | 0.14% |
QACCO | 58.50 | 0.00 | 0.00% |
SAUDI CEMENT | 46.90 | 0.00 | 0.00% |
SPCC | 41.00 | 0.20 | 0.49% |
TCC | 13.18 | 0.10 | 0.76% |
YSCC | 33.75 | 0.15 | 0.45% |
YCC | 29.50 | 0.20 | 0.68% |
HCC | 11.30 | 0.00 | 0.00% |
JOUF CEMENT | 11.78 | 0.18 | 1.55% |
NORTHERN CEMENT | 9.85 | 0.05 | 0.51% |
NAJRAN CEMENT | 10.10 | 0.04 | 0.40% |
CITY CEMENT | 20.60 | 0.24 | 1.18% |
UACC | 16.02 | 0.00 | 0.00% |
RIYADH CEMENT | 28.60 | 0.00 | 0.00% |
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}