Qassim Cement net profit rises in 1H11, Saudi Cement

Qassim Cement net profit rises in 1H11, Saudi Cement
Published: 30 September 2011

Saudi cement producer Qassim Cement Co (QCC) said its net profit for the first half of 2011 rose 3.9% YoY to SAR291.8m (US$77.8m).

Earnings per share (EPS) stood at SAR 3.24, up from SAR 3.12.

The company attributed the increase to higher sales and better performance of subsidiaries, but did not give exact figures.

For the second quarter of 2011, QCC booked a net profit of SAR144.7m, up from SAR135.7m in the same period last year.