Saudi Qassim Cement books US$75.1m profits

Saudi Qassim Cement books US$75.1m profits
Published: 15 March 2006

Saudi cement producer Qassim Cement Company (QCC) posted a net profit of 281.5 mln Saudi riyals (US$75.1m) for 2005, up from 246.6 mln riyals (US$65.6m) a year ago.  QCC’s total assets stood at 1.631 bln riyals ($435m) at the end 2005, up from 1.266 bln riyals ($338m). Shareholders’ equity stood at 1.187 bln riyals ($317m) at end-2005.