Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of 105.2 mln Saudi riyals ($28.1m) for the first quarter of 2005, slightly up from 104.9 mln riyals ($28m) in the year-ago period. The company registered a 3.1 pct year-on-year sales rise to 194.6 mln riyals ($51.9m) in the first three months of 2005. Gross profit grew 2.0 pct to 111 mln riyals ($29.6m) for January to March 2005. YCC’s total assets stood at 1.922 bln riyals ($513m) at end-March 2005. Published under Cement News
Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of 105.2 mln Saudi riyals ($28.1m) for the first quarter of 2005, slightly up from 104.9 mln riyals ($28m) in the year-ago period. The company registered a 3.1 pct year-on-year sales rise to 194.6 mln riyals ($51.9m) in the first three months of 2005. Gross profit grew 2.0 pct to 111 mln riyals ($29.6m) for January to March 2005. YCC’s total assets stood at 1.922 bln riyals ($513m) at end-March 2005. Published under Cement News
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