Tabuk Cement net profit up to US$41.3m

Tabuk Cement net profit up to US$41.3m
Published: 21 March 2006

Saudi cement producer Tabuk Cement Company (TCC) registered an increase in net profit to 154.8 mln Saudi riyals (US$41.3m) for 2005, up from 128.6 mln riyals (US$34.2 mln/28.26 mln euro) for 2004.  Sales rose slightly to 304 mln riyals ($81.1m), against 284 mln riyals ($75.7m). Cost of sales dropped to 133.1 mln riyals ($35.5m), which led to a gross profit of 171 mln riyals ($45.6m).