Report
EUR 236.14 For Business Accounts Only

Slower growth

SPCC announced higher H1 2015 figures compared to the previous year. The reality is that Q2 2015 figures are disappointing. Revenues were slightly up by 2.9% to SAR531.854M and Q2 2015 EBITDA margin collapsed by 600 bps around 59%. The YTD revenue rose by 7.8% to SAR1.090bn boosted by volume growth of 7.8% to 4.527 MT. SPCC has now a 14% market share vs. 13.8% a year earlier. the EBITDA was up by to SARM, i.e.
Underlying
SOUTHERN PROVINCE CEMENT CO

Provider
AlphaMena Corporate Services
AlphaMena Corporate Services

AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.

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