Southern Cement Posts 25M SAR Nine-Month Profit
Abha, Saudi Arabia — Southern Province Cement Co. grew its nine-month net profit by 13.6%, reaching 25 million SAR for the period ending September 30, 2026. Higher export sales volumes and lower production costs drove the gains, even as financing and distribution expenses rose. Revenue for the nine-month period climbed modestly to 641 million SAR, […] The post Southern Cement Posts 25M SAR…
Abha, Saudi Arabia — Southern Province Cement Co. saw its nine-month net profit rise by 13.6% to 25 million SAR for the period ending September 30, 2026. Higher export sales and lower production costs were the main drivers, despite rising financing and distribution expenses. Revenue grew modestly to 641 million SAR, up from 634 million SAR the previous year.
Gross profit jumped 27.3% to 126 million SAR, indicating efficiency gains. Operating profit increased 47.8% to 68 million SAR, outpacing revenue growth. The third quarter showed even stronger performance, with revenue rising 8.7% to 238 million SAR, gross profit up 82.1% to 51 million SAR, operating profit 220% higher at 32 million SAR, and net profit attributable to shareholders at 5 million SAR, up 66.7% year over year.
The previous quarter's revenue was 5 million SAR lower, falling 79.2% from 24 million SAR to just 5 million SAR. The primary reason was a sharp rise in financing costs.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
