Saudi Yanbu Cement Q3 2005 net profit

Saudi Yanbu Cement Q3 2005 net profit
Published: 19 January 2006

Saudi cement producer Yanbu Cement Company (YCC) registered a slight decrease in net profit to 122.8 mln Saudi riyals ($32.7m) for the third quarter of 2005, down from 123.3 mln riyals ($32.9m) for the same period of 2004.  The decline was a result of lower sales at 184.6 mln riyals ($49.2m), against 197.1 mln riyals ($52.6m). Cost of sales dropped to 55.9 mln riyals ($14.9m), which led to a gross profit of 128.7 mln riyals ($34.3m).