Modest figures in H1 2015
Saudi Cement's figures confirm the difficulties of the recent months. Indeed, the company's H1 2015 sales fell, and its (H1 2015) sales volumes reached 4.180 MT, i.e. a slight 1.7% decrease compared to last year. Local sales showed a more significant decline (-3.1% to 3.912 MT) resulting in a market share decline (-110 bps to 12.1%). H1 2015 Revenues have decreased by 2.1% to SAR1.050bn, and the margins have also suffered during this H1 2015 with an EBITDA margin dwindling by 70 bps to 64.5% (the gross margin has also decreased by 110 bps to 59.3%).
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