Kuwait Cement Co profit falls

Kuwait Cement Co  profit falls
Published: 17 November 2004

The net profit of Kuwaiti cement manufacturer Kuwait Cement Company fell to 14.65 mln Kuwaiti dinars ($49.7m) in the first nine months of 2004 from 24.45 mln dinars ($82.9m) in the same period of 2003.   Kuwait Cement reported a net profit of 7.52 mln dinars ($25.5m) for the third quarter of 2004, down from a net profit of 9.37 mln dinars ($31.8m) and EPS of in the same period of 2003.   Kuwait Cement was established in 1968 and was listed on the Kuwait Stock Exchange (KSE) in 1984.