Yanbu Cement records 25.5% YoY rise in quarterly net profit

Yanbu Cement records 25.5% YoY rise in quarterly net profit
Published: 21 November 2012


In the quarter ended 30 September 2012, Yanbu Cement saw total revenues fall 21.4% to SAR339.6m (US$90.5m) and net profits slipped from SAR215.6m to SAR156.7m when compared to the previous quarter.

However, on a YoY basis, the company recorded a 149.7% sales revenue increase from SAR272.5m. In terms of net profit, the Saudi Arabian cement producer reported a 25.5% advance from SAR124.9m.