Eastern Province Cement Co. 2Q16 earnings fall 46% Y-o-Y on drop in volumes and hike in cost; beat estimate
Net income – SAR50mn, -46% Y-o-Y, -43% Q-o-Q, +10% vs. EFGe Gross profit – SAR69mn, -36% Y-o-Y, -28% Q-o-Q, +7% vs. EFGe Net operating profit – SAR53mn, -42% Y-o-Y, -31% Q-o-Q, +14% vs. EFGe Eastern Cement Company reported its
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