Yamama Cement’s net profit drops by 66% to US$13.5m in first quarter of 2017

Print this page

Saudi Arabia: Yamama Cement’s net profit fell by 66% year-on-year to US$13.5m in the first quarter of 2017. Its revenue fell by 41% to US$59m. according to Trade Arabia. The cement producer’s cement sales fell by 25% to 1.24Mt. The result has been blamed on low cement sales and prices.

Last modified on 26 April 2017

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://globalcement.com/news/item/6037-yamama-cement-s-net-profit-drops-by-66-to-us-13-5m-in-first-quarter-of-2017

© 2024 Pro Global Media Ltd. All rights reserved.