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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.
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