Saudi firms see strong start to 2012

Print this page

Saudi Arabia: Yanbu Cement has announced that its first-quarter net profit for 2012 rose by 43% year-on-year to US$38.6m. Earnings per share for the first three months of the year rose to US$0.37 from US$0.26 in the year earlier period. It added that its first-quarter operating profit surged by 44% to US$39.9m.

Meanwhile Yamama Saudi Cement has said that its first quarter profit surged by 54% compared to the first quarter of 2011 to US$74.1m due to higher sales and better operational efficiency. Its first-quarter earnings per share came in at US$0.37 compared to US$0.35 in 2011, according to a statement. Its operating profit for the three-month period rose to US$76.5m, compared to US$49.1m in the same period of 2011, a year-on-year rise of 55%.

Last modified on 11 April 2012

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://www.globalcement.com/news/item/868-saudi-firms-see-strong-start-to-2012

© 2022 Pro Global Media Ltd. All rights reserved.