Saudi Qassim Cement Q3 net profit up 11.3 per cent

Saudi Qassim Cement Co. posted a net profit of 86m riyals (US$22.9m) for the third quarter on Monday, up 11.3 per cent from a year ago.

The firm’s net profit in the nine months to Sept. 30 reached 247m riyals, up 18.6 per cent from the same period in 2005, the firm said in a statement.