Saudi Cement Co nine-month net profit rises

Saudi Cement Co nine-month net profit rises
Published: 10 November 2011

Saudi cement producer Saudi Cement Company (SCC) said its net profit for the nine months through September 2011 rose 22.1% YoY, to SAR619.9m (US$165.3m) from SAR507.5m a year earlier.

The earnings per share (EPS) stood at SAR4.05, up from SAR3.32.

The operating profit increased to SAR645m for the first nine months of 2011, from SAR523.7m a year ago.

For the third quarter, the company reported a net profit of SAR195.3m, an increase of 39.2% YoY.