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Saudi Cement profits rise to 102M Riyals
Saudi Cement Company achieved a rise in its profits during the second quarter of 2026, with net profits reaching 102 million riyals, an increase of 6.8% compared to the same period last year. This growth was driven by improved domestic sales and a decrease in financing costs. Despite pressures from rising administrative expenses and declining selling prices, the company recorded revenues of 434.8 million riyals, representing a modest growth of 0.76%, supported by increased sales volumes and reduced selling and distribution expenses. Compared to the previous period, profits increased by 1.8%. However, first-half results showed a slight decline in profits and revenues by 0.88% and 3.8%, respectively, primarily due to lower sales and a decrease in other revenues.
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