Southern Province cement H1 profit up 14%

Southern Province cement H1 profit up 14%
Published: 06 July 2005

Saudi Arabia’s Southern Province Cement Co first-half net profit rose 14 per cent to 323m riyals ($86m), the company said. Southern Province Cement, the kingdom’s largest listed cement firm in terms of market capitalisation, said it would pay a dividend on the profit of 12 riyals a share. 
 
Meanwhile, Saudi Arabia’s Yanbu Cement Co half year profits rose 0.3 percent to 215m riyals ($57.3m), the company. Yanbu Cement shares were down 1.1 percent at 718.25 riyals at the close of morning trade.