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News Yanbu second quarter profit increases

Yanbu second quarter profit increases

Written by Global Cement staff 11 July 2012
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Saudi Arabia: Yanbu Cement has posted a net profit of US$57.6m for the second quarter of 2012 compared to US$40m for the same period of 2011. This represents a increase of 44% over the US$38.7m made in the previous quarter. The company made a gross profit of US$62.7m in the second quarter, a 48% increase year-on-year.

Over the course of the first half Yanbu's net profit went from US$66.2m in 2011 to US$96m in 2012. Its gross profit for the six months was US$104.8m compared to US$71.7m in 2011, an increase of 46%.

Yanbu said that the the reason for increase in its net profit was an increase in both production and sales, helped by a new cement line and an increase in cement demand.

Last modified on 11 July 2012
Published in Global Cement News
Tagged under
  • Results
  • Saudi Arabia
  • Yanbu
  • GCW57

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