Yamama Cement Co Jan-Sept 2004 net profit reaches $119.8m, Saudi Arabia

Yamama Cement Co Jan-Sept 2004 net profit reaches $119.8m, Saudi Arabia
Published: 20 October 2004

Saudi cement producer Yamama Cement Company (YCC) registered a 59.8 per cent YoY increase in net profit to 449.4m Saudi riyals (US$119.8m) for the first nine months of 2004.

The profit for the period included extraordinary income of 144.8m riyals ($38.6m) generated from the sale of YCC’s stake in the Saudi Industrial Investment Group (SIIG) in April 2004.

YCC sold 2.695Mt of cement in the first nine months of 2004, up from 2.364Mt.