11 Hrs
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معلومات مباشر
Source: معلومات مباشر
11 Hrsمعلومات مباشر
Source: معلومات مباشر
11 HrsReady to play
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Riyad Capital maintained its **Neutral** rating on Qassim Cement, with a 12-month target price of SAR 42, following the company’s third-quarter 2026 results. Net profit came in at SAR 37 million, above Riyad Capital’s estimate of SAR 27 million and the market estimate of SAR 26 million. However, the outperformance was driven by lower operating expenses and investment returns, rather than the company’s core business. Price competition weighed on performance: the average selling price per tonne fell to SAR 130, compared with the company’s estimate of SAR 160. Quarterly revenue declined 27% to SAR 181 million, despite a reduction in production cost per tonne to SAR 113. Profit for the first nine months of the year also fell 17% to SAR 158 million, reflecting lower selling prices and volumes, as well as higher fuel costs.
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