Yanbu Cement Q1 profit rises marginally

07/04/2015 10:37 AST

Saudi Arabia's Yanbu Cement Company said today its first-quarter profit rose marginally.

Yanbu Cement made a net profit of 207 million riyals in the three months to March 31, up from 205 million riyals a year earlier, it said in a bourse statement. Its net profit increased 7.2 percent against SR 193 million for the previous quarter, in its interim consolidated financial results for the first quarter of 2015.

Its gross profit for the first quarter 2015 reached SR 224 million against SR 223 million for the same quarter of the previous year, an increase of 0.45 percent.

Operational profit for Q1, reached SR 212 million against SR 213 million for the same quarter of previous year, a decrease of 0.47 percent and against SR 199 million of previous quarter, an increase of 6.53 percent.


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