Cement News tagged under: Yanbu Cement
Yanbu Cement 1H net profit rises four per cent, Saudi Arabia09 July 2012, Published under Cement NewsSaudi Arabia-based Yanbu Cement said net profit for the first half of 2012 rose by 43.4 per cent YoY to SAR360m (US$96m). Earnings per share stood at SAR3.43, up from SAR2.39. For the second quarter of 2012, Yanbu’s net profit reached SAR216m from SAR150m from the same period of last year. The company attributed the strong performance to higher production and sales volumes as a result of the launch of Kiln Line No 5. |
Saudi cement companies 1Q net profit rise, Saudi Arabia09 April 2012, Published under Cement NewsTwo 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 higher31 January 2012, Published under Cement NewsYanbu 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. |