Yanbu Cement Has Posted an Impressive Increase in Net Profits

Yanbu Cement has posted an impressive increase in net profits for the latter half of 2011 as demand for raw materials increases in Saudi Arabia. Yanbu Cement Company, based in the Red Sea port town that gives the company its name, produces Ordinary Portland cement (OPC) Sulphate Resisting Cement (SRC), Portland Pozzolana Cement (PPC) and Masonry Cement. In a statement to the Tadawul, Saudi’s stock exchange, the company says its unaudited annual results show that net profits grew 58% for fourth quarter, up from SAR100m ($26.6m) in 2010 to SAR 158m ($42.1m) in Q4 2011. Fourth quarter figures also surpassed those of Q3 2011 by 26.4%. Yanbu Cement has posted an impressive increase in net profits for the latter half of 2011 as demand for raw materials increases in Saudi Arabia. Yanbu Cement Company, based in the Red Sea port town that gives the company its name, produces Ordinary Portland cement (OPC) Sulphate Resisting Cement (SRC), Portland Pozzolana Cement (PPC) and Masonry Cement. In a statement to the Tadawul, Saudi’s stock exchange, the company says its unaudited annual results show that net profits grew 58% for fourth quarter, up from SAR100m ($26.6m) in 2010 to SAR 158m ($42.1m) in Q4 2011. Fourth quarter figures also surpassed those of Q3 2011 by 26.4%. Source: uaecement.com