Southern Province Cement Reports SAR 20M Net Profit in the Six Months 2026
SPCC 3050.SA | 0.00 |
On 2026-08-11 08:11:06 (Saudi Time), Southern Province Cement Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 201 | 195 | 3.076 | 203 | -0.985 |
| Gross Profit (Loss) | 52 | 31 | 67.741 | 23 | 126.086 |
| Operational Profit (Loss) | 32 | 12 | 166.666 | 3 | 966.666 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 24 | 3 | 700 | -4 | - |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 24 | 3 | 700 | -4 | - |
| All figures are in (Millions) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 403 | 415 | -2.891 |
| Gross Profit (Loss) | 75 | 71 | 5.633 |
| Operational Profit (Loss) | 36 | 36 | - |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 20 | 19 | 5.263 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 20 | 19 | 5.263 |
| Total Shareholders Equity (after Deducting Minority Equity) | 3,051 | 3,163 | -3.54 |
| Profit (Loss) per Share | 0.14 | 0.13 | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| All figures are in (Millions) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, sales/revenue declined 2.891% YoY to SAR 403 million (from SAR 415 million), driven by a decrease in average selling prices despite an increase in sales volume. Net profit attributable to shareholders rose 5.263% YoY to SAR 20 million (from SAR 19 million), supported by a decrease in cost of sales, financing expenses, and zakat expense, which more than offset the increase in selling and distribution expenses.
Quarter-on-Quarter Performance Drivers
QoQ revenue declined marginally by 0.985% to SAR 201 million (vs. SAR 203 million in the previous quarter), driven by a decrease in average selling prices. Despite the revenue dip, net profit swung sharply from a loss of SAR 4 million in the previous quarter to a profit of SAR 24 million in the current quarter, primarily due to a significant decrease in cost of sales, which also lifted gross profit by 126.086% QoQ to SAR 52 million.
Other Items
The external auditor issued an unmodified conclusion with no additional comments or reservations noted. Some comparative figures have been reclassified to conform to the current period's presentation. Total shareholders' equity (after deducting minority equity) stood at SAR 3,051 million as of the current period, compared to SAR 3,163 million in the same period of the prior year, a decline of 3.54%. Earnings per share for the current six-month period were SAR 0.14, up from SAR 0.13 in the same period of the prior year. No material risks, going concern uncertainties, or accumulated losses were disclosed in this announcement.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97496&anCat=1&cs=3050&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.