Yamama Cement Co fourth-quarter earnings down 14.61% YoY

Yamama Cement Co fourth-quarter earnings down 14.61% YoY
Published: 19 January 2015


Yamama Cement Co recorded a 14.61 per cent decline in net earnings in the fourth quarter of 2014 to SAR152m (US$40.5m), compared to SAR178m in the comparative period of the previous year. However, earnings were up 10.95 per cent compared to the SAR137m recorded in the 3Q14.

Full-year profit also declined by 22.87 per cent YoY from SAR870m. Operating profit also fell 20.63 per cent to SAR658m, compared with SAR829m a year earlier.