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News Yamama Cement reports drop in net profit of 23% to US$179m

Yamama Cement reports drop in net profit of 23% to US$179m

Written by Global Cement staff 14 January 2015
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Saudi Arabia: Yamama Cement has reported that its net profit in 2014 has fallen by 23% year-on-year to US$179m from US$232m in 2013. The decrease was attributed to lower sales due to poor cement demand in 2014. Its operating profit fell by 21% to US$175m from US$221m.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Yamama Cement
  • Results
  • GCW183

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