Saudi Arabia: Qassim Cement Co 4Q net rises 4.6%

Saudi Arabia: Qassim Cement Co 4Q net rises 4.6%
Published: 08 January 2016


Qassim Cement Co recorded net earnings of SAR141m (US$37.5m) during the fourth quarter of 2015, a rise of 4.6 per cent from SAR134m in the year-ago period.

Full-year net earnings increased four per cent YoY from SAR564m to SAR586m.

The cement producer attributed the profit growth to higher sales volume and value, as well as low general and administrative expenses.