Sharjah Cement Q3 net drops 39 per cent, UAE

Sharjah Cement Q3 net drops 39 per cent, UAE
Published: 31 October 2006

Kuwait-listed UAE-based Sharjah Cement and Industrial Development Company showed a 39 per cent decline in third-quarter profit to the equivalent of KWD3.3m (US$11.4m), the firm said on Monday. 
 
Earnings per share fell to 7.1 fils from 12.7 fils, the company said in a statement posted on the Kuwait bourse Web site. There are 1,000 fils to the dinar. 
 
For the first nine months, net profit fell to 14.8 million dinar, down 15 percent year-on-year.