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Southern Cement Q2 2026 profit soars
Southern Cement Company announced its financial results for the second quarter of 2026, recording a remarkable increase in profits of 700% year-on-year, with a net profit of 24 million riyals compared to 3 million riyals last year. The company achieved a 3.076% rise in revenues, reaching 201 million riyals, alongside a substantial 166.66% growth in operating profitability, driven by increased sales volume and cost reductions. Despite a slight decrease in the average selling price by 0.985% between the first and second quarters, the company managed to turn the previous quarter's losses into profits, supported by lower cost of sales and expenses. The net profits for the first half of 2026 continued to grow, increasing by 5.26%.
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