Southern Cement profits rise 700% in Q2 2026
Southern Cement Company announced its financial results for the second quarter of 2026, achieving a net profit of 24 million SAR, an increase of 700% compared to the same period last year. This growth was driven by higher sales volumes and improved cost management, despite a decline in average selling prices. Revenues grew by 3.076% to reach 201 million SAR, while operating profit increased by 166.66% to 32 million SAR. For the first half of the year, net profit rose to 20 million SAR, despite a 2.89% decrease in revenues, due to enhanced cost and operational efficiencies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)