City Cement Second Quarter 2023 Earnings: EPS: ر.س0.17 (vs ر.س0.18 in 2Q 2022)

City Cement (TADAWUL:3003) Second Quarter 2023 Results

Key Financial Results

• Revenue: ر.س77.8m (down 13% from 2Q 2022).
• Net income: ر.س24.3m (down 2.2% from 2Q 2022).
• Profit margin: 31% (up from 28% in 2Q 2022). The increase in margin was driven by lower expenses.
• EPS: ر.س0.17 (down from ر.س0.18 in 2Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

City Cement Earnings Insights

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Basic Materials industry in Saudi Arabia.

Performance of the Saudi Basic Materials industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for City Cement you should know about.

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