Saudi Yamama Cement posts higher profits

Saudi Yamama Cement posts higher profits
Published: 14 March 2006

Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 500.9 mln Saudi riyals (US$133.6m) for 2005, down from 542.2 mln riyals (US$144.6m) for 2004.  The 2004 profit included extraordinary income of 144.8 mln riyals (US$38.6m) generated from the sale of YCC’s stake in the Saudi Industrial Investment Group (SIIG) in April 2004.