Saudi Yamama Cement Q1

Saudi Yamama Cement Q1
Published: 13 May 2005

Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 102.8 mln Saudi riyals ($27.4m) for the first quarter of 2005, up from 98.3 mln riyals ($26.2m) in the year-ago period.  The company registered a 7.3 per cent year-on-year rise in gross profit to 112.4 mln riyals ($30m) in the first three months of 2005. Operating income grew 4.2 per cent to 103.5 mln riyals ($27.6m) for January to March 2005.