Saudi Qassim Cement

Saudi Qassim Cement
Published: 28 July 2004

Saudi cement producer Qassim Cement Company (QCC) posted a net profit of 125.8 mln Saudi riyals (US$33.5m) for the first half of 2004, up by 1.5 per cent year-on-year.  QCC’s gross profit stood at 126.6 mln riyals (US$33.8m), up 34 per cent, while operating expenses rose 2.5 per cent to 5.5 mln riyals (US$1.5m). The company’s total assets stood at 1.062 bln riyals (US$283m), up 7.1 per cent, while shareholders’ equity increased 5.4 per cent to 985.3 mln riyals (US$262.7m).