Kuwait Cement first-half net profit

Kuwait Cement first-half net profit
Published: 09 August 2011

Kuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.69m (US$31.2m) for the six months ended June 30, 2011, slightly down from KWD8.81m a year earlier.

The cement producer reported earnings per share (EPS) of 14.04 fils for the first half of 2011, compared to 14.96 fils a year ago.

For the second quarter of 2011, the company’s net profit stood at KWD3.81m, almost unchanged from KWD3.82m in the same period last year.

The total assets rose to KWD240.3m at end-June 2011 from KWD239.5m a year ago.