Yanbu Cement Co Q105 net profit at US$28.1m

Yanbu Cement Co Q105 net profit at US$28.1m
Published: 25 April 2005

Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of SAR105.2m (US$28.1m) for the first quarter of 2005, slightly up from SAR104.9m (US$28m) in the year-ago period. 

The company registered a 3.1 per cent YoY sales rise to SAR194.6m (US$51.9m) in the first three months of 2005. Gross profit grew two per cent to SAR111m (US$29.6m) for January to March 2005. 

YCC’s total assets stood at SAR1.922bn (US$513m) at end-March 2005.