Saudi Arabian Cement Co 1H net profit up
Saudi cement producer Arabian Cement Company (ACC) registered a 5.2 per cent YoY increase in net profit to SAR205.6m (US$54.8m) in the first half of 2008.
ACC’s operating profit stood at SAR215.1m (US$57.4m) for the six months ended June 30, 2008, up 14.1 per cent YoY, boosted mainly by stronger sales and higher revenue from affiliated companies.
In the second quarter of 2008, the company booked a net proft of SAR90.4m (US$24.1m), a decrease from 102.3 mln riyals (US$27.3m) a year ago. Published under Cement News
