Financial Results : Yamama Cement’s net profit falls 30% in 9M 2016

Yamama Cement’s net profit falls 30% in 9M 2016

17/10/2016 Argaam Exclusive

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Yamama Cement Co. (YCC) reported a net profit of SAR 323 million for the first nine months of 2016, a 30 percent drop year-on-year (YoY) due to higher costs of goods sold, coupled with higher fuel prices and a decline in sales volume and value. 



Third-quarter net profit fell 41 percent YoY to SAR 56 million, hurt by lower sales and demand due to seasonal factors, such as Eid, which fell in Q3-2016. Net profit for the period fell 52 percent quarter-on-quarter. 






Analysts Estimates (Million)

Item Q3 2016 (e) Q3 2016 (a) Change‬
Average 79.36 56.31 (29.0 %)

Estimates vs Actual (Million)

Item Q3 2016 (e) Q3 2016 (a) Change
Sico 61.00 56.31 (7.7) %
Al Rajhi Capital 65.00 56.31 (13.4) %
Riyad Capital 71.00 56.31 (20.7) %
AlJazira Capital 71.45 56.31 (21.2) %
SNB Capital 73.00 56.31 (22.9) %
OSOOL AND BAKHEET 74.30 56.31 (24.2) %
Albilad Capital 78.00 56.31 (27.8) %
Value Capital 84.10 56.31 (33.0) %
Alistithmar Capital 88.70 56.31 (36.5) %
SFC 127.00 56.31 (55.7) %


Share Price

Yamama Cement Co.
31.50
0.05 0.16 %

Yamama Cement Co. (YSCC)

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