Logo of Southern Province Cement

Southern Province Cement Co.’s net profit for Q4 2020 missed Riyad Capital and consensus estimates, the research firm said in an earnings review.

 

Riyad Capital said it noticed an improvement in the average selling price by 3% on a quarterly basis, to SAR 202 per ton.

 

“We raised our target price (TP) to SAR 91, but maintained a ‘Neutral’ rating,” the report said.

 

The recent announcement by the Public Investment Fund (PIF) about Soudah Development Co., with an investment of SAR 11 billion, is positive for the company, it added.

Southern Province Cement - Riyad Capital

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Crown Prince launches Soudah Development with expected investments of over SAR 11 bln

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request