Saudi Yanbu Cement Co H1 2005 Net Profit At US$57.4m

Saudi Yanbu Cement Co H1 2005 Net Profit At US$57.4m
Published: 09 August 2005

Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of SAR215.3m (US$57.4m) for the first half of 2005, up from SAR214.3m (US$57.1m) in the same period of 2004.

YCC’s gross profit stood at SAR227.1m (US$60.6m), up 0.8% YoY, while operating expenses increased 7.9% to SAR8.2m (US$2.2m). The company’s total assets stood at SAR2.009bn (US$536m), up 4.7%, and shareholders’ equity increased 0.4% to SAR1.809bn (US$482m).