Kuwait Cement posted a first-quarter profit of 15.6 million dinars ($53.96m), up more than threefold from the same period a year earlier.
Kuwait Cement made 4.7 million dinars in the first-quarter of 2006. Earnings per share rose to 33.39 fils from 10.09 fils, the firm said on Sunday in a statement on the Kuwait bourse Web site. There are 1,000 fils to the dinar.
The earnings include unrealised profit of 3.8 million dinars, the company said.