Yanbu Cement Q3 net profit rises

Yanbu Cement Q3 net profit rises
11 October 2006

Saudi Arabia’s Yanbu Cement Co made a third-quarter net profit of 130.63m Saudi riyals, up 6.4 per cent compared with the year-earlier period.

The earnings are just below the 8.6 per cent increase in net profit forecast by Kuwaiti investment bank Global Investment House in a Reuters survey last month. Yanbu Cement reported a net profit of 122.82m riyals in the third quarter of 2005.

It earned 406m riyals in the first nine months of the year, up 20 percent over the same period in 2005, the company said in a statement posted on the Saudi bourse Web site.

Published under Cement News