Saudi Tabuk Cement Q4 net profit flat at $10m

Saudi Tabuk Cement Q4 net profit flat at $10m
Published: 10 January 2007

Saudi Arabia’s Tabuk Cement Company said on Tuesday fourth-quarter net profit amounted to SAR37.6m  ($10.3m), unchanged from the same period in 2005.

The firm said in a statement posted on the bourse Web site the slowdown was due to a lull during Islam’s fasting month of Ramadan and holidays during the period.

Full-year profit grew 41 per cent to SAR218m on higher sales volume.

Eastern Province Cement Company said on Tuesday fourth-quarter net profit rose 79 per cent from a year earlier to SAR111m.