Arabian Cement Co. (Saudi) 2Q16: Earnings drop 12% Y-o-Y on lower revenue, broadly in line; DPS of SAR2.0 for 1H16
Reported net income – SAR143mn, -12% Y-o-Y, -37% Q-o-Q, -6% vs. EFGe Gross profit – SAR163mn, -14% Y-o-Y, -27% Q-o-Q, -6% vs. EFGe Net operating profit – SAR148mn, -16%Y-o-Y, -28% Q-o-Q, -6% vs. EFGe Arabian Cement Company rep
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