Saudi Tabuk Cement Co

Saudi Tabuk Cement Co
Published: 25 October 2004

Saudi cement producer Tabuk Cement Company (TCC) posted a net profit of 95.7 mln Saudi riyals ($25.5m) for the first nine months of 2004, up from 55.8 mln riyals ($14.9m) in the corresponding period of 2003.  TCC’s sales stood at 218.5 mln riyals ($58.3m), up 38.6 per cent year-on-year, while the cost of sales rose 19.5 per cent to 109.6 mln riyals ($29.2m). As a result, gross profit increased 65.2 per cent to 108.9 mln riyals ($29m).