13/07/2017 Argaam Exclusive
AI Summary
Saudi cement companies are expected to post a combined net profit of SAR 620.2 million, down 51.7 percent year-on-year (YoY) in Q2 2017, data compiled by Argaam showed.
Tabuk Cement is seen making the biggest profit slump of 81 percent YoY to SAR 4 million.
Hail Cement is forecasted to report a profit decline of 72.9 percent YoY to SAR 7.50 million.
Northern Province Cement is also projected to post a 71.2 percent plunge in profit YoY to SAR 14 million.
| Company | No. of Analysts | 2016 - Q2 (net income) | 2017 - Q2 (e) | Difference |
| SAUDI CEMENT | 10 | 249.46 | 137.95 | (44.7 %) |
| YC | 10 | 116.29 | 53.30 | (54.2 %) |
| QACCO | 9 | 113.90 | 65.76 | (42.3 %) |
| YCC | 9 | 159.23 | 92.87 | (41.7 %) |
| SPCC | 8 | 267.98 | 94.44 | (64.8 %) |
| ACC | 6 | 141.00 | 71.10 | (49.6 %) |
| EPCCO | 4 | 47.33 | 41.43 | (12.5 %) |
| CITY CEMENT | 2 | 64.16 | 29.90 | (53.4 %) |
| TCC | 1 | 21.08 | 4.00 | (81.0 %) |
| HCC | 1 | 26.84 | 7.50 | (72.1 %) |
| JOUF CEMENT | 1 | 22.74 | 8.00 | (64.8 %) |
| NORTHERN CEMENT | 1 | 48.66 | 14.00 | (71.2 %) |
| Total | 10 | 1,278.66 | 620.23 | (51.5 %) |
EFG-Hermes has issued forecasts for 11 cement producers, while Albilad Capital issued estimates for three companies.
| TASI | 10,610.71 | 19.58 | 0.18 % |
| ACC | 22.42 | (0.26) | (1.15%) |
| EPCCO | 29.80 | 0.15 | 0.50% |
| QACCO | 48.95 | (0.25) | (0.51%) |
| SAUDI CEMENT | 38.40 | 0.50 | 1.32% |
| SPCC | 27.50 | (1.50) | (5.19%) |
| TCC | 10.04 | (0.10) | (0.98%) |
| YC | 32.40 | 0.40 | 1.25% |
| YCC | 19.56 | (0.36) | (1.81%) |
| HCC | 11.62 | 0.02 | 0.17% |
| JOUF CEMENT | 7.64 | (0.14) | (1.80%) |
| NORTHERN CEMENT | 7.48 | (0.02) | (0.27%) |
| NAJRAN CEMENT | 7.83 | (0.09) | (1.14%) |
| CITY CEMENT | 16.12 | (0.12) | (0.74%) |
| UACC | 15.54 | (0.02) | (0.13%) |
| RIYADH CEMENT | 31.00 | 0.60 | 1.99% |
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