Kuwait Cement Co doubles net profit

Kuwait Cement Co doubles net profit
Published: 04 August 2005

The net profit of the Kuwait Cement Company doubled to KWD14.21m (US$48.7m) in the first half of 2005 from KWD7.12m (US$24.4m) in the same period of 2004, the Kuwait Stock Exchange (KSE) reported.  Earnings per share (EPS) rose to 36.08 fils (US$0.124) in the first six months of 2005 from 8.07 fils (US$0.028) in the year-ago period. Kuwait Cement’s net profit for the second quarter of 2005 increased to KWD5.0m (US$17.1m) from KWD2.06m (US$7.1m) in the same period of 2004.