Kuwait Cement returns to profit

Kuwait Cement returns to profit
Published: 11 May 2010

Kuwait Cement Company said in a bourse filing yesterday it recorded a net profit of KWD4.99m (US$17.3m) for the three months ended March 31, 2010, recovering from a net loss of KWD8.94m a year earlier.

The cement producer reported earnings per share of 8.47 fils for the first quarter of 2010 compared to a loss per share of 15.17.

Total assets rose to KWD255.9m at end-March 2010 from KWD207.3m a year ago.