Saudi Yanbu Cement Co Q1

Saudi Yanbu Cement Co Q1
Published: 22 April 2005

Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of 105.2 mln Saudi riyals ($28.1m) for the first quarter of 2005, slightly up from 104.9 mln riyals ($28m) in the year-ago period.  The company registered a 3.1 pct year-on-year sales rise to 194.6 mln riyals ($51.9m) in the first three months of 2005. Gross profit grew 2.0 pct to 111 mln riyals ($29.6m) for January to March 2005.  YCC’s total assets stood at 1.922 bln riyals ($513m) at end-March 2005.