Investing.com - Saudi cement reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Saudi cement announced earnings per share of ﷼0.67 on revenue of ﷼349.0M. Analysts polled by Investing.com anticipated EPS of ﷼0.54 on revenue of ﷼311.67M.
Saudi cement shares are up 11% from the beginning of the year and are trading at ﷼55.10 , down-from-52-week-high.They are outperforming the Tadawul All Share which is up 7.61% from the start of the year.
Saudi cement follows other major Materials sector earnings this month
Saudi cement's report follows an earnings missed by SABIC on August 9, who reported EPS of ﷼2.58 on revenue of ﷼55.99B, compared to forecasts EPS of ﷼2.64 on revenue of ﷼55.99B.
Ma’aden had beat expectations on Wednesday with second quarter EPS of ﷼1.64 on revenue of ﷼11.88B, compared to forecast for EPS of ﷼0.9281 on revenue of ﷼9.53B.
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