Saudi Tabuk Cement boosts net profit

Saudi Tabuk Cement boosts net profit
Published: 07 November 2011

Saudi cement producer Tabuk Cement Company, or TCC, said its net profit for January-September 2011 rose 9.4% YoY to SAR108.9m (US$29m).

Earnings per share (EPS) stood at SAR1.21, up from SAR1.11.

The company attributed the increase to higher sales boosted by local demand, but did not give exact figures.

For the third quarter of 2011, TCC booked a net profit of SAR24.7m, slightly up from SAR23.8mm in the same period last year.