Tuesday, Apr 10, 2012
RIYADH (Zawya Dow Jones)--Yamama Saudi Cement Co. (3020.SA) said Tuesday its first-quarter profit surged 54% on the year to 278 million riyals ($74.1 million) due to higher sales and better operational efficiency.
First-quarter earnings per share came in at SAR1.37 versus SAR1.33 a year ago, the company said in a statement posted on the Saudi bourse website.
Operating profit for the three-month period rose to SAR287 million, compared with SAR184 million in the year-earlier period, it said.
Shares in the company closed higher 0.41% at SAR49.30 on the Riyadh bourse Tuesday.
-By Summer Said, Dow Jones Newswires; +966-546-842373; summer.said@dowjones.com
(END) Dow Jones Newswires
10-04-12 1517GMT
