(MENAFN) Officials at Yamamah Cement Co., Saudi Arabia's largest cement company by market value, said that the company's net income rose 9.3 percent to $46.3 million in the first three months of 2007 compared to $43.9 million in the same period of 2006, Reuters reported.
The officials pointed out that the company's operating profits rose 13.4 percent to $28.4 million, attributing the increase to higher sales during the first three months of 2007, as demand on the company's products rose on real estate projects.
It is worth noting that Yamamah commands about 13 percent share of cement sales in Saudi Arabia, the Arab world's largest economy, where multi-billion dollar infrastructure and real estate projects are boosting demand for cement.
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