Southern Cement 2Q16: flattish earnings Y-o-Y supported by other income, ahead of estimate; DPS of SAR2.5 for 1H16
Net income – SAR268mn, -1% Y-o-Y, -5% Q-o-Q, +19%vs. EFGe Gross profit – SAR266mn, -6% Y-o-Y, -12% Q-o-Q, +11% vs. EFGe Net operating profit – SAR256mn, -6% Y-o-Y, -11% Q-o-Q, +13% vs. EFGe Southern Cement Company has reported
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