Al Jouf Cement swings to profit, Saudi Arabia

Al Jouf Cement swings to profit, Saudi Arabia
Published: 18 January 2011

Saudi Arabia’s Al Jouf Cement Co said Monday it showed a fourth-quarter profit of SAR16.7m (US$4.5m) on higher sales, versus a net loss of SAR16.6m a year earlier.

Full-year 2010 earnings per share came in at SAR0.11, versus a loss per share of SAR0.25 in 2009, the company said in a statement posted on the Saudi bourse website.

The firm, which started trading on the kingdom’s bourse in August, said it swung to a fourth-quarter operating profit of SAR16.3m, compared with an operating loss of SAR16.6m a year earlier.