Saudi Yamama Cement 9-month net profit down

Saudi Yamama Cement 9-month net profit down
Published: 26 November 2009

Saudi cement producer Yamama Cement Company registered a 17% YoY decline in its net profit for the nine months of 2009 to SAR 416.6m (US$111.1m) from SAR 525.8m a year ago.

The earnings per share (EPS) stood at SAR 3.09, down from SAR 3.89.

The operating profit stood at SAR 424.3m for the first nine months of 2009, down from SAR514.8m a year earlier.

For the third quarter of 2009, the company posted a net profit of SAR125.3m, up 25% year-on-year.