Yamama Cement 1H net profit rises 22%, Saudi Arabia

Saudi cement producer Yamama Cement Company reported a 22 per cent YoY rise in its net profit to SAR487m (US$129.8m) for the first half of 2012, up from SAR400m a year ago.

The increase was attributed to a rise in sales as a result of higher local demand, Yamama Cement said without giving exact figures. Gross profit SAR526m from SAR429m.