Nine Saudi-listed cement firms forecast to post $151mln profit in Q2 2025: Report
However, profit is expected to fall 7.8 percent quarter on quarter, impacted by the summer construction slowdown, in addition to the Hajj and Eid Al-Adha seasons.
The companies under coverage are Yamamah Cement, Saudi Cement, Southern Cement, Qassim Cement, Arabian Cement, Yanbu Cement, City Cement, Eastern Cement and Riyadh Cement.
These companies recorded local sales of 8.6 metric tonnes in the first two months of the second quarter of 2025, growing by 27.7 percent year-on-year, supported by improved construction activities.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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