Saudi Cement posts 39% 3Q profit rise

Saudi Cement posts 39% 3Q profit rise
Published: 13 October 2011

Saudi Cement Co reported 39 percent rise in its third-quarter net profit, analysts forecasts.

The firm made a net profit of SAR195m (US$52m) in the three months to end-September, compared with SAR140m a year earlier.

Four analysts surveyed by Reuters expected the firm to post, on average, SAR171.9m in net profit for the third quarter.