Yanbu net profit up 13.6%, Jan-Sept

Yanbu net profit up 13.6%, Jan-Sept
Published: 09 November 2011

Saudi cement producer Yanbu Cement Co (YCC) said its net profit for January-September 2011 rose 13.6% YoY to SAR375.9m (US$100.2m).

Earnings per share (EPS) stood at SAR 3.58, up from SAR 3.15.

The company attributed the increase to higher sales to meet increasing demand, but did not give exact figures.

For the third quarter of 2011, YCC registered a 32.5% YoY surge in net profit to SAR124.9m.