Saudi Yamama Cement 1H net profit rises 23%
Saudi cement producer Yamama Cement Company said it registered a 23 per cent YoY rise in its net profit for the first half of 2010 to SAR 357m (US$95.2m) from SAR291m a year ago.
The strong increase was attributed to a rise in sales, Yamama Cement said without giving exact figures.
The earnings per share (EPS) stood at SAR2.67, up from SAR 2.16.
The gross profit rose to SAR378m from SAR316m.
Published under Cement News
