Saudi Arabia’s Yamama Cement posted a 10 percent increase in its fourth quarter net profits, the company said in a bourse statement on Saturday.
Yamama made $42.7m in the three months ending December, compared to $38.6m in the same period a year earlier, the statement said.
Operating profit for the fourth quarter increased by 11 percent to $44.2m.
Saudi Cement companies are still faced with an export ban imposed in 2008 after cement prices skyrocketed as firms were seeking more lucrative offers abroad, leading to a shortage of cement in the local market.
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