Results from Saudi Arabia

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Saudi Arabia: Saudi Cement Company has reported a 5.9% year-on-year increase in its second-quarter net profit. It identified a rise in local demand for cement as among the reasons for the improvement.The company posted a second-quarter net profit of US$81.7m compared to US$77.3m in the same period in 2012. Net profit for the first six months of 2013 was US$172.5m, a 5% rise compared to the first half of 2012.

Meanwhile, Yanbu Cement Co's first-half net profit rose by 44.7% year-on-year to US$138.9m, thanks to higher production and sales volumes supported by the start of its kiln line No 5 in 2012.

Last modified on 24 July 2013

URL: https://globalcement.com/news/item/1807-results-from-saudi-arabia

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