Research houses forecast cement firms’ Q3 2023 net profit to drop 6% YoY but rise 16% QoQ

Last Updated Date (19/10/2023) Argaam Report

The aggregate net profit of 14 Tadawul-listed cement firms under coverage is expected to decline by about 6% year-on-year (YoY) to SAR 514.5 million in the third quarter of 2023, according to research houses’ estimates.

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Research houses forecast cement firms’ Q3 2023 net profit to drop 6% YoY but rise 16% QoQ

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