Saudi Cement Q3 net profit up

Saudi Cement Q3 net profit up
Published: 12 October 2006


Saudi Cement , the country’s third largest cement firm, said on Wednesday its third-quarter net profit rose 28 percent to 155.5 million riyals ($41.5 million) from the same period last year.

A statement on the bourse Web site said profit in the first nine months of 2006 rose 30 percent to 483.1 million riyals. It said an increase in sales was behind the profit growth.