Yamama Cement announces a decrease of 25% in 9 month 2014 Net Profit

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.


GulfBase.com

News

Al Jazira Capital maintain "Neutral" recommendation on Yamama Cement

18/10/2017

Yamama Cement 3Q2017 net income of SAR 29.2mn (EPS, SAR 0.14) came above Al Jazira Capital estimates, which was mainly attributed to higher than expected selling price, indicating a deviation of 35.0

GulfBase

Yamama Cement Q1 profit plunges 66pc

19/04/2017

Yamama Saudi Cement reported a net profit of SR50.8 million ($13.5 million) during the first quarter of 2017, marking a fall of 66 per cent year-on-year (y-o-y), driven by decline in operating profit

Trade Arabia

Yamama Cement signs SR4.2bn contract with ThyssenKrupp to build plant

26/11/2015

Saudi Arabia's Yamama Cement Company signed an SR4.2 billion contract with Germany's ThyssenKrupp Industrial Solutions here Tuesday night to build two new cement plants. The production facilities wi

Arab News

Most Viewed Companies

Ticker Price Volume
CBD 6.66 4,211
RAKWCT 1.12 2,000
CHEMANOL 16.74 687,597
KHALEEJI 0.08 2,442
QFBQ 1.39 1,161,337
QSHS 0.00 0
KIB 183.00 3,637,773

Valuation

YC Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SABIC 73.10 0.40 (0.55%)
MAADEN 53.60 2.20 (4.28%)
SABICAGRINUTRIENTS 118.00 1.80 (1.54%)
MARBLEDESIGN 83.50 0.00 (0.00%)
LIMEINDUSTRIES 12.18 0.38 (3.22%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap