Arabian Cement Co reports increase in Q1 net income

Arabian Cement Co reports increase in Q1 net income
Published: 13 April 2004

The Jeddah-based Arabian Cement Co. announced that its first quarter net income grew by 32.2 per cent to reach SR 60 million ($16m), compared with SR 45 million ($12m) in the same period a year earlier. The company, which is the first cement producer in the Kingdom and the Gulf region, is fully owned by the private sector.