Kuwait Cement posts USD 48m net profit in 2010

Kuwait Cement posts USD 48m net profit in 2010
11 March 2011


Kuwait Cement Company said yesterday its net profit rose to KWD13.36m (USD 48m) in 2010 from KWD 12.81m a year earlier.

Earnings per share (EPS) stood at 22.68 fils in 2010, versus 21.75 fils in 2009.

The company’s total assets rose to KWD 258.3m at end-December 2010 from KWD 249.1m a year earlier.

The board of directors has recommended to shareholders a 10% cash dividend for 2010, equal to 10 fils per share, in addition to a 5% bonus issue.
Published under Cement News