Saudi Yamama Cement 2011 net profit rises 13%
Saudi cement producer Yamama Cement Company said yesterday it registered a 13% YoY rise in its net profit for 2011 to SAR740m (US$197.3m) from SAR657m a year ago.
For the fourth quarter of 2011, the company booked a net profit of SAR191m, an increase of 19% on the year.
The strong increase was attributed to a rise in sales as a result of more efficient production and marketing,
The earnings per share (EPS) stood at SAR5.48 in 2011, up from SAR4.87 in 2010. The gross profit rose to SAR809m from SAR712m.
Published under Cement News
