Yamama Cement 3Q net profit remains flat YoY

Saudi cement producer Yamama Cement Company said yesterday that according to preliminary results, its net profit stood at SAR277m (US$73.9m) for the first quarter of 2013, almost unchanged from SAR278m a year ago due to lower prices.

The earnings per share remained stable at SAR1.37. Gross profit declined to SAR293m from SAR300m.