Cement News tagged under: Yanbu Cement

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Saudi cement companies 1Q net profit rise, Saudi Arabia

09 April 2012, Published under Cement News

Two leading Saudi Arabian cement producers have reported a rise in first quarter 2012 net profit due to higher sales.   Yanbu Cement said its first quarter 2012 net profit surged 43.6 per cent YoY to SAR145m (US$38.7m). Earnings per share stood at SAR1.38, up from SAR0.6 from the same period last year.   Meanwhile, Qassim Cement net profit rose 7.7 per cent to SAR158.4m (US$42.3m). First-quarter earnings per share were SAR1.76, down from SAR1.64 a year earlier, while operating profit rose 6....

Increased sales drive Yanbu Cement’s net profit higher

31 January 2012, Published under Cement News

Yanbu Cement reported a 23 per cent rise in 2011 net profit to SAR529m (US$141.1m) due to an increase in sales. The Saudi Arabian producer added in a bourse filing that earnings per share were SAR5.04, up from SAR4.1.