Saudi Yamama Cement Co net profit up

Saudi Yamama Cement Co net profit up
21 July 2004


Saudi cement producer Yamama Cement Company (YCC) registered an 86 per cent YoY increase in net profit to 346.5m Saudi riyals (US$92.4m) for the first half of 2004, according to the company’s managing director Prince Mohammed bin Mohammed bin Saud al-Kabir.  The profit for the period included extraordinary income of 144.8m riyals (US$38.6m) generated from the sale of YCC’s stake in the Saudi Industrial Investment Group (SIIG) in April 2004. YCC’s operating revenue stood at 201.7m  riyals (US$53.8m) in the first half of 2004, al-Kabir said.


 

Published under Cement News