Jun 21 2011 |
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Yamama Saudi Cement Estimated 2Q Profit Up 17% To SAR224 Mln
Tuesday, Jun 21, 2011
(This item was originally published Monday.)
RIYADH (Zawya Dow Jones)-- Yamama Saudi Cement Co. (3020.SA) said Monday its estimated second-quarter profit rose 17% year-on-year to 224 million riyals ($59.7 million) due to higher sales and demand.
First-half earnings per share came in at SAR2.99 versus SAR2.65 a year ago, the company said in a statement posted on the Saudi bourse website.
Operating profit for the three-month period rose to SAR221, from SAR188 in the year-earlier period, it said.
Shares in the company closed trading down 0.4% at SAR61.50 Sunday.
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
21-06-11 0353GMT
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