Saudi’’s Yanbu Cement Q3 profit drops 20%

Saudi’’s Yanbu Cement Q3 profit drops 20%
Published: 08 October 2009

Saudi Arabia’s Yanbu Cement Co. posted an almost 20 per cent drop in third-quarter net profit due to weaker sales.

Yanbu Cement made a net profit of SAR98m compared (US$26.13m) to SAR122 million riyals in the same period a year ago, the firm said in a statement on Monday.

 It blamed falling sales volumes but did not elaborate.