As Expected !
Saudi Cement is challenging the hard conditions of the market over this period. The company’s Q1 2017 revenues have shrunk by 31.8%, comparing to the same period a year earlier (SAR507m in Q1 2016 vs. SAR346m in Q1 2017). Moreover, the cement maker’s Q1 2017 gross income has witnessed a sharp decrease by 35.3% to SAR191m. Saudi Cement’s Q1 2017 net income dropped by 37.3% to SAR165m. Thus, the EPS decreased from SAR1.72 to SAR1.08 in 2017.Saudi Cement is a cement production company based in the Kingdom of Saudi Arabia. Co.'s main and only activity is the manufacture and trade of cement and cement related products and investment in cement related fields. Co. is engaged in the operation of two cement plants in the Eastern Province of Saudi Arabia, namely the Hofuf Plant (total capacity of the plant is 7825 tons of clinker per day) and Ain Dar Plant (total of 6000 tons of clinker per day). Co.'s locations include Dammam, Hofuf (Hofuf Plant), Ain Dar (Ain Dar Plant) and Dammam Export (Export Terminal).
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