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Saudi Cement posts 102M riyals profit Q2
Saudi Cement Company announced its preliminary financial results for the first half of 2026. The company achieved a 6.8% increase in net profit for the second quarter, reaching 102 million SAR compared to 95.5 million SAR in the same period last year, driven by improved local market sales and cost control measures. Despite challenges related to selling prices and other revenues, the company recorded revenues of 434.8 million SAR in the second quarter, a slight increase of 0.76% compared to the previous year, attributable to higher sales volumes. Conversely, the results for the first half of 2026 showed a slight decline in profits of 0.88%, amounting to 202.2 million SAR, with revenues decreasing by 3.8%, due to lower sales, reduced other revenues, and operational costs.
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