Kuwait Cement posts 1Q net profit

Kuwait Cement posts 1Q net profit
Published: 03 June 2011

Kuwait Cement Company said it booked a net profit of KWD 4.88m (US$17.7m) for the three months ended March 31, 2011, slightly down from KWD4.99m a year earlier.

The cement producer reported earnings per share (EPS) of 7.89 fils for the first quarter of 2011, compared to 8.07 fils in the same period last year.

The total assets dropped to KWD249.1m at end-March 2011 from KWD265.9m a year ago.