Yanbu Cement Co 4Q15 net profit up 8.3% YoY

Saudi producer Yanbu Cement Co posted 8.3 per cent YoY growth in net profit to SAR209m (US$55.6m) for the fourth quarter of 2015, up from SAR193m in the prior-year period. The cement producer attributed the profit rise in the 4Q15 to an increase in sales.

Meanwhile, the full-year net profit rose 0.50 per cent to SAR806m from SAR802m a year ago.