Yanbu Cement reports mixed quarterly results
The Tadawul All Share Index declined by 0.28 per cent to 9,531.4 points on Sunday, April 6. SABIC fell by 0.21 per cent to SAR117.75. Yanbu Cement Company added 0.36 per cent to reach SAR69.75. Earlier in the day, Yanbu Cement revealed that it earned a net income of SAR205 million ($55.35m) in the first three months of 2014, which is a decrease of 17 per cent year on year. However, quarter-on-quarter net profit rose by 28.13 per cent.