Yamama Cement net profit rises 6.4% YoY

Yamama Cement net profit rises 6.4% YoY
16 January 2014


Yamama Cement Co of Saudi Arabia said yesterday its net profit for 2013 rose by 6.4 per cent to SAR870m (US$232m), up from SAR818m a year ago.

The increase was attributed to a rise in extraordinary gains from the sale of stakes in affiliate companies, Yamama Cement said without giving exact figures.

The operating profit declined to SAR829m from SAR863m.

Published under Cement News