Saudi Yamama Cement net profit up 14 per cent in 1Q08
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.
Published under Cement News
