Saudi Yamama Cement net profit up 14 per cent in 1Q08

Saudi Yamama Cement net profit up 14 per cent in 1Q08
Published: 09 April 2008

Saudi cement producer Yamama Cement Company (YCC) saw its net profit go up 14 per cent YoY to SAR197.5m (US$52.7m) in the first quarter of 2008, the company said in a statement to the Saudi stock exchange on April 9.
 
The increase was mainly due to a strong growth in sales, YCC said without disclosing any exact figures.
 
Earnings per share (EPS) rose to SAR1.46 (US$0.39) from SAR1.29 (US$0.34).
 
Operating profit stood at SAR196m (US$52.3m), up from SAR174.8m (US$46.6m) in the first three months of 2007.