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15/10/2014 16:50 AST
Yamama Cement Co. (Yamama) announces primary financial results for the period ended 30/9/2014 (9 Months).
Net profit amounted during the 3rd Q of 2014 is SAR 137 million versus SAR 148 million for the same quarter of the last year with a decrease of 7.43%, the 3Q 2014 result as compared to SAR 207 million for the previous quarter showed a decrease of 33.82%. And, the net profit during nine months period is SAR 519 million as compared from SAR 693 million for the same period of the last year with a decrease of 25.11%.
The gross profit during the 3rd Q of 2014 reached to SAR 149 million in comparison from SAR 154 million for the same quarter of the last year with a decrease of 3.25%. The gross profit during nine months of year 2014 is recorded as SAR 528 million against SAR 716 million for the same period of the last year, showing a decrease of 26.26%.
The operating profit during the 3rd Q of 2014 is recorded as SAR 136 million with a decrease of 3.55% against SAR 141 million for the same quarter of the last year. The operating profit during nine months period of year 2014 reached to SAR 487 million with a decrease of 28% versus SAR 677 million for the same period of the last year.
According to the Company the main reasons for decrease net profit is decline in the quantity of sales driven by lower demand of cement and increase Zakat provision for current period compared to the same period in the previous year.
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Trade Arabia
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| MAADEN | 59.55 | 0.00 (0.00 |
| SABIC | 54.95 | 0.00 (0.00 |
| SABICAGRINUTRIENTS | 116.00 | 1.00 (0.86 |
| YANSAB | 30.42 | -0.10 (-0.33 |
| LUBEREF | 94.70 | 0.75 (0.79 |
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Financial Information Co.
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