FINANCIAL NEWS

Saudi cement sales up 12.3% in Q2

12 Jul 2010

(MENAFN) Sales by 12 Saudi cement firms rose 12.3 percent during the second quarter but the listed manufacturers are not doing as well as non-listed rivals, according to data released by Yamama Cement.

Cement sales, including exports, stood at 11.42 million tonnes during the second quarter against 10.17 million tons a year earlier, Yamama said in a report.

For the eight listed cement firms, the sales stood at 8.96 million tons, an increase of 3.7 percent over the same period in 2009.

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