Saudi Tabuk Cement posts higher profits

Saudi Tabuk Cement posts higher profits
Published: 21 January 2005

Saudi cement producer Tabuk Cement Company (TCC) has posted a net profit of 128.6 mln Saudi riyals ($34.3m) for 2004, up from 75.7 mln riyals ($20.2m) for 2003, according to the company’s board chairman Khalid Salih al-Shatri.  The increase was mainly a result of the rise in sales to 284.1 mln riyals ($75.8m) in 2004 from 210.8 mln riyals ($56.2m) in 2003, al-Shatri said.  Tabuk Cement, one of the eight cement companies operating in Saudi Arabia, was established in 1994 as a joint-stock company.