KSA’s Yamama Cement registers revenue of $56m in 2020 ...United Arab Emirates

Saudi Arabia’s Yamama Cement (YSCC) has registered revenues of $56 million, a year-on-year drop of 10.8% attributed to a 13.9% y-o-y fall in average realisation, a report by Al Rajhi Capital has said. According to a recently released report by the Saudi-based financial services provider cement sales volume for 4Q20 came in at 1.19 million tons, 0.9% higher than estimates, though the average realisation at SR177/ton was lower than estimates by 5.9%. The report said that continued growth from mortgages aided volume growth, while competition among the local players kept the prices under check. Gross profit and operating income fell by 23.2% y-o-y and 24.8% y-o-y respectively and were impacted b

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Last updated : 15 February 2021 clock 12:00 PM

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KSA’s Yamama Cement registers revenue of $56m in 2020 ...United Arab Emirates

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