Yamama Cement Company 2Q16: Earnings drop 39% Y-o-Y on lower volumes and shrinking margins due to energy cost hike; miss estimate; DPS of SAR0.25
Net income – SAR116mn, -39% Y-o-Y, -23% Q-o-Q, -19% vs. EFGe Gross profit – SAR113mn, -40% Y-o-Y, -40% Q-o-Q, -30% vs. EFGe Net operating profit – SAR97mn, -43% Y-o-Y, -43% Q-o-Q, -34% vs. EFGe Yamama Cement Company reported i
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