Higher demand lifts Yamama 1H net profit, Saudi Arabia

Saudi-based producer Yamama Cement Company reported a 11.7 per cent YoY rise in first half net profit thanks to a rise in sales due to higher local demand.

For the first six month of the year, profit climbed to SAR544m (US$145m), up from SAR487m in the same period of last year.

Gross profit rose to SAR562m from SAR526m a year earlier.