Yanbu Cement Company (YCC) fetched a net profit in the first quarter of the year 2013 amounting to SR 247, 022, 389 compared to SR 144, 761, 624 for the same quarter of the previous year, up 70.6%, compared to SR 203,423, 562 for the previous quarter, up 21.4%. The company explained in a statement today that operating profits for the period amounted to SR 254, 882, 724 versus SR 149, 507, 845 for the same quarter of the previous year, up 70.4%. This enabled earnings per share during the three months to reach SR 1.57 compared to SR 0.92 for the same period of the previous year, despite an increase in the number of shares, a result of the capital increase by 50%. The company attributed the reason for the rise in profits during the current quarter compared to the same quarter of the previous year to hike in volume of sales as a result of the start of the 5th line in the month of April 2012, and the efficient use of operating expenses, and the Eid al-Adha holiday that coincided with the previous quarter. Yanbu Cement Company (YCC), a Saudi Joint Stock Company, is one of the largest ISO 9002 certified Cement Companies in the Kingdom of Saudi Arabia and also ranked as one of the top 50 companies. Its Cement Plants with a capacity of 3.8 million tons clinker are situated at Ras Baridi.
