Saudi Tabuk Cement net profit at US$31.8m in 1H08

Saudi Tabuk Cement net profit at US$31.8m in 1H08
Published: 28 August 2008

Saudi cement producer Tabuk Cement Company (TCC) registered a slight decline in its net profit to SAR119.4m (US$31.8m) in the first half of 2008 from SAR120.1m (US$32m) in the same period last year.
 
The earnings per share (EPS) stood at SAR1.33 (US$0.36) for January to June 2008.
 
The company booked an operating profit of SAR108.3m (US$28.9m) in the first six months of 2008, a decrease of 3.3 per cent YoY.
 
In the second quarter of 2008, TCC’s net profit rose to SAR68.8m (US$18.3m) from SAR63m (US$16.8m) a year ago.