Saudi Cement Co. 1Q2016: Earnings down 13% Y-o-Y on lower volumes and hike in energy costs, above estimate
Net income – SAR265 million, -13% Y-o-Y, +51% Q-o-Q, +9% versus EFGe Gross profit – SAR296 million, -13% Y-o-Y, +6% Q-o-Q, +7 versus EFGe Net operating profit – SAR274 million, -12% Y-o-Y, +48% Q-o-Q, +10% versus EFGe Saudi C
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