Eastern Province Cement Co net profit rise

Eastern Province Cement Co  net profit rise
09 July 2004

Saudi cement producer, Eastern Province Cement Company (EPC), reported an 19 per cent YoY increase in net profit to 157m Saudi riyals (US$41.m) for the first six months of 2004, the company’s director general, Zamil Abdul Rahman al-Muqrin, said.

The profit included 18m riyals (US$4.8m) generated from divestments. EPC has started the implementation of a project for the construction of a clinker production line with a daily capacity of 3,500t which will increase the company’s annual clinker output to 3.15Mt, al-Muqrin added.

EPC posted a net profit of 250.8m riyals (US$66.9m) for 2003, up from 237m riyals (US$63.2m) in 2002, the Saudi Arabian News Digest reported on January 23, 2004.

Published under Cement News