Home Industry Construction Saudi Cement Beats Estimates Despite 6.2% Q2 Net Profit Drop The firm made a net profit of SAR288 million ($76.8 million) in the second quarter, compared with SAR307 million in the corresponding period of 2013. by Reuters July 15, 2014 Saudi Cement, the kingdom’s largest listed cement producer by market value, beat analyst expectations despite posting a 6.2 per cent decline in second-quarter net profit on Monday as falling local demand impacted on sales revenue. The firm made a net profit of SAR288 million ($76.8 million) in the three months to June 30, compared with SAR307 million in the corresponding period of 2013, according to a bourse filing. Six analysts polled by Reuters had forecast, on average, a net profit of SAR272.7 million for the quarter. 0 Comments