Saudi Cement Net Profit Up 10.7%

Saudi Cement Net Profit Up 10.7%
Published: 30 January 2006

Saudi Cement, the country’s third largest cement firm, yesterday posted a net profit of SR484.3 million (US$129m), up 10.7 per cent from the previous year.  Net profit in 2004 reached SR437.5 million, it said in a statement on the bourse’s website.  The company’s first-half year net profit rose 24 per cent to SR248.9 million.