Yanbu Cement full-year net profit rises 14.3%

Yanbu Cement Co’s net profit rose 14.3 per cent YoY to SAR832m (US$219.4m) in 2013, the company announced in a bourse filing.

Operating profit increased to SAR847m from SAR757m in 2012. The company attributed the rise to higher sales without giving exact figures.

The Saudi-based producer reported earnings per share of SAR5.23, up from SAR4.57.